I sole 3/4 of mine on the runup....and started buying back around $14.50-14.75. The pension thing is a big deal. As rates go up, their pension liabilities will decline....and book value will go back up.
the write down of NOL's was an unfortunate "smokescreen," that made the company look bad, over the near term, because of a mere accounting convention. (The company is actually turning around, and earnings will get better, over time, I believe.)
I still think this is a great buyout candidate....and a $20-30 stock in 1-2 years.