But if it bounces to $10-12, by the end of the year, then I definitely want to be reducing some...unless there are no other more relatively attractive things to buy.
Personally, I think "objective" fair value for this stock, considering that quarterly EBITDA is now running like 4.5x interest expense, is somewhere around 10-12x earnings, or $12.00-15.00. But the market will do what it wants....for a time, anyway.
It won't last forever though. Instituations WILL discover this stock, over time, and WILL be buying it, at $5.20.