CNBC thinks so. You might as well get a copy of the racing forum and bet on the ponies. These guys are pretty slick, straight out of Vegas. Completely missing in their spiel is any fundamental analysis. Nonetheless, write some covered calls. This stock is a straight up gamble anyway. One point should not be ignored. The next earning report might reveal losses well beyond guidance. Short term, it costs a lot of money to shutter offices and get rid of employees, all 520 of them.
Wrong slick ... quarterly EPS estimates "unchanged" including $27 million in new costs associated with layoffs/closures ... meaning it was setting up to be a solid quarter! The $80 million in annual savings sets up profitability by next quarter