Hi, any peeps here who are accountants or in finance or just investors who read quarterly reports and earning statements/balance sheets for fun and profit in trading?

I used to do it for diversified biotech's with multiple earning dates after a FDA rejection where the market either dramatically discount or over-inflate the stock price over the book value/IP of the company.

I know peeps who are also valued investors who similarly do the same thing distressed assets after a scandal with a CEO or something where the market's valuation is incorrect when you do the cash flow projections, tangible assets etc.

Now I trade options based on volatility, so try not to do as much directional trading. But love to hear some of your guys' accounting wizardry in reading those balance sheets.