The key for all of us is to understand that we are still in the throes of a debt deleveraging cycle that first engulfed the housing and consumer sectors and is now attacking the government sector in country after country. It is not only Europe. China and the U.S.A. too. There is still far too much debt at all levels of society relative to the world's capacity to service it.
We have governments battling a debt deleveraging cycle of epic proportions, and by definition, these phases involve debt paydowns, defaults, and rising savings rates — a highly deflationary brew which is negative for stocks generally, and probably negative for CRY specifically.
CRY should be a buyer at $5/share. Nothing else to do with their cash flow for the next few quarters. Buy in treasury stock, and it they get a bounce in the market later sell some treasury shares in a non-taxable transaction petmitting them to re-liquify again.