The number that stood out for me for Q2 is "opened 7 new stores." Took a big bath on the accounting side, sure, and putting the horrendous 60 mins episode in the rear view. I like the idea of airing it all out in one Q. Fundamentals still solid and housing and renovation trends are too good for this to be at 9Xs. Came in hard today and sure that hedgies will follow on today's capitulation. If you've got dry powder, today is a great day, since you can get in cheap.
I think its pretty simple. It will move up as earnings approach. Most people know that what has crushed this stock hasn't really done much damage to the actual operations of the company. still very very solid fundamentals and that will become more and more evident at each earnings release as the profits recover from the hit job. Should see a big run up to earnings as bottom fishing hedgies come in and scared shorts move out.