A move back to $3.50 would downright delight me. Getting a 15K share base here is worth the risk (likelihood?) that we see another 10% downside, as I still see the potential upside as so much greater, and don't want to get too cute about picking up an initial position. I think we all agree this could pop 10% from here at any given time, with no notice.
Regardless, if it does drop to $3.50, I'll at least double down, and then more from there.
I have been purchasing from 5 down to current level. I'll admit I'm tapped out at this point. Used my gains from Dean Foods to throw into TUES. Same scenario. Amazing how some large funds do not want a stock no matter how low it goes after a poor quarterly. My guess is, like DF, this one will show a 20% gain in short order.
Still am not thrilled about current mamagement, especially merchandising and overall store display, but I do like that the balance sheet is in good order.