The momentum has been very bad for a very long time. I'm waiting until at least another half million to million shares are cleared before even considering any accumulation. I do not think we have reached capitulation, and this is very negative action in an otherwise very strong stock market. If Nicusa and Walter Brown Pistor both exit, it might then be worth revisiting.
Ultimately there is no reason why this stock could not take out the March 2009 Financial Crisis low levels ($2.60 ish) and drift back to the price where Walter Brown Pistor acquired its stake from Wells Fargo nearly nine years ago at $2.00 per share. That would be just over a 20% discount to net working capital, and given the build in inventory levels combined w/the collapsed sales of balancer equipment to China one would hope enough of a reserve is already in place for slow moving (i.e., perhaps unwanted) inventory, or that the inventory buildup simply reflected either a temporary suspension of purchases due to the Holidays in China in the last quarter or a view to better future demand for product. Given the lost sales momentum in each of the last two quarters I'd lean to the glass half empty rather than half full.