we'll see on that one, but "maybe" is of course the answer on that 08/02/2010 talking-head speculation. I do think there's upside here ... as I've bought on the downslope (starting, thankfully, after the first few days of "shock and awe" after the earnings disappointment).
Perhaps I'm being optimistic, but I'd think an acquisition around 0.75x book is realistic, which would be a helluva premium over current stock price (75% or so, roughly). Obviously, the acquirer would have to believe that SBX "took their medicine" this last quarter and isn't going to start bleeding here. Will they believe that and is it true ... dunno.
But I'm willing to hold and collect a small dividend, and wait and see. It could be a short term or long term holding but I don't think she's going to zero, and I'm quite patient.