I fully intend............to go long on LEG but at the right price. I still think this is a good company with decent assets and decent management. It also has no dividend. It cannot afford to institute one right now either.
I think it's important to note that when this stock dropped under $5.00 the short position hardly moved. The shorters didn't feel the need to cover.
At the end of the day, if you had $10,000 to invest, would you put it into LEG or SGY? There's your answer to LEG's share price performance.
Management and the BOD have some soul searching to do (but not before I cover).