I've owned this stock since it was in the 17 - 18 area. I dont see it going very much lower, just a cyclical thing in industry very much out of favor right now. It also looks like a very good company, still making some money even though sales are poor, also having a stock buy back program.
I wouldnt short it, but I dont believe I would buy it either. If you like the company, I think there will be plenty of time to get in later. Myself, I'm having second thoughts about buying deep cyclical companys in the future. Oh well, food for future thought.