Jack is spot on here. The report was weak. There was a slight beat on eps, but same store sales and growth remain tepid. It's hard to see a case for a price above $12 or so until we get some good news.
I have been working the trading range. I missed on my prediction in the previous quarter. I thought the guidance was soft. This time, however, I took the company at it's word and didn't get burned. I like the company and the concept. But, the growth needed to justify a higher p/e ratio just isn't there--yet. I hope they get there.