Relax! Some of you sound like the distressed that said the company was going bankrupt after the first quarter announcement. Guess what? That is off the table now. And good CEO's like to under promise and over deliver to build credibility. That has been his motivation all along. Just as consumer confidence took a nose dive in July it can reverse just as fast. And then we could be exceeding lowered expectations next quarter. Oh, and the speed of this turnaround in the last six months has been remarkable so they are quick learners!
Considering this stock had a 52 week high of $6.84, the fact that they are hedging on the next quarter due to macroeconomic conditions doesn't make me think the stock will ultimately go down. Might be a head fake in the morning due to the panicky headline readers but the sales and profit trends are going the right way. Still feels like an easy double within the year. Might even get bought and be a triple.