Book value is over $5 and there is no debt to worry about. The global economy is rapidly recovering, and while obviously this stock gets no respect and is off most investors' radar screens, I will confidently predict a price north of $7 within a year. I think retail will surprise to the upside in Q4, so this is really easy money to pick up here for serious, buy & hold investors with a bit of patience.
The totally irrational selloff of the past few weeks has been quite bizarre, but is likely driven by the same clueless "technical" crowd that currently has AMZN at $130 or roughly 75 times earnings.
I was recently in one of their higher volume stores. Much of what I saw has been noted here before. Floors: filthy. Shelves: messy and disorganized. They were receiving a shipment..and they were using shopping carts to stage the goods on the sales floor prior to placing them on the shelves. The result was you couldn't get down the aisles and you couldn't shop the store. This used to be a 2 million a year store. My guess is its now just over a million in sales. Now, do investors know this? Who knows. Maybe they don't care..but it does impact this stocks performance in the long run. And the long run shows it falling from 35 to .51. Its a company that will get niched out of its niche...soon. I don't think its a destination store in tight times..and tight times are continuing.