I'll give you my take. I believe there is a court date for next week, however, court dates don't mean alot these days, appeal process takes forever. Btm line, market cap at this price is 1/3 book... sales, 1.3 billion, spring selling season is here. The shorts are saying the co will go out of business if they buy genesco. No one know that, that co is bigger , if combined it would give them more buying power at 2.5 billion in sales to compete with foot locker. If you look at deck and crox they are both selling at 10 times book! Foot locker slightly over 1x book. If the merger does goe thru, the price will come down substantially which is why gco is trading at 32. vs 54. So many buyouts have fallen thru, so my take right now is, all the bad news is out, the last earnings call was stable, and if for somehow they do have to buy at 54. which I doubt because of the finnacing issue, that would be the only thing to push this back down. A huge 30,000 call spread was bought several weeks ago for the may 2.5 and 5 strikes. Bullish position, I have visited two stores, talked to several managers, they both seemed very positive about the co, have recieved raises in jan. and business has picked up alot sinch dec. This is a 10.00 stock minimum sometime this year, could be sooner than anyone thinks. Eventually money flows to value. Just look at etrade, or wci,or spf, these have doubled and tripled within 30 days. They were also thrown in the trash bin for a while. Good luck, I wish I could buy more.