The earnings sucked.
Long term debt down, short term debt up. Total debt....up.
All the corporate cost cutting didnt make up for the "good weather".
No growth in either SD or washington.
I don't believe Wells Fargo will want to change the terms of that loan until it's due in oct. 2014. JMHO.
Only bright spot is cash is up. This thing is going to drift lower over the next 3 months.
I agree with your points except it drifting lower over the next 3 months. I think it will probably stay around the current price but is a great buy if you can get it around a buck.
Hopefully they can still get a loan with the earnings but will probably have to wait for more favorable terms. I think the loan is just a matter of time allowing them to pay down debt. Also a great call for the CEO have liked him more after each report so far.