FormFactor (FORM) CFO resigns

I wrote about this company when they reported. The CFO resigning to pursue other interests is a big fat red flag. The stock is down a lot, he's got options, the company is telling you its a temporary business condition. The CFO is telling you he doesn't want to stick around for the recovery -- maybe he's telling you there won't be one... or that the books were cooked. All we know is for whatever reason, he'd rather be somewhere else.

I maintain that there's no way to know how profitable the business actually is because the cost accounting has been screwed up for years. Their customers are all memory manufacturers. Hate this stock.