I think the executives were dumb a$$es for warnings of concern of unemployment, demand, etc...These have been issues the last few years and these guys are by far outperforming companies like Furniture Brands who is probably on there last leg as well as many others. Maybe they wanted it to drop so they can buy more, who knows. Bottom line is this stock should not be below $12 and really should be higher.
Amen! Everyone that owns this stock knows next quarter is their soft quarter. Everyone knows unemployment is high. He could have just said, "Times continue to be challenging as they have over the past year and a half and we'll continue to aggressively cut cost, raise capital, and pay down our debts. We feel this strategy has served us well over the past year and strategically equips us to overcome any hurdles or take advantage of any opportunities the next year may bring."
Now doesn't that say the same thing, but sound one hell of a lot better? I know most shareholders prefer something like that rather than a fricken "chicken-little" CEO running around with his skirt hiked up screaming the sky is falling. What the frick was he thinking?