Given the strong earnings beat and backlog, I would suggest an upward correction is due. LNN has moved down in sympathy with its sector but the company itself should not be priced with its sector. Better days might possibly be ahead.
The management team ought to announce a share buyback at these levels to put a floor under the stock. Certainly they could announce a special divvy that would awaken the buyers. Great earnings but high short interest is whats weighing on stock. I hope they get their heads out their butts and announce something before this goes to 65.
Management could certainly do what you suggest but I think the recent Q was more than sufficient to justify a floor of 80 a share. The reasons found by some to sell the stock are weak at best. That being said, I'm sure the stock will halve itself merely because I've said something positive about it. Still, the company is sound and the stock will reflect that at some point.