RE:IrateI agree that the management "over promises" and "under delivers" but at the level that it traded this morning, it was way overdone. Company is worth much more than a $ 1.50. Starting in the back half of the year, the company will have fully ramped-up operations at all their new locations, and the marketing spend will be much lower. Costs will be closley looked at, and be brought down. All company spending will be examed, with the goal to reduce costs at every level. The balance sheet could be quickly "deleveraged", and they still have a lot of powder to make accretive deals.
That said, yes the company has a lot of egg on their face right now, and the stock has become a real "show-me" story. However, the bottom may be in, hard to believe that they can do any worse. Only one way to do from here. They do still make money, and they have added many facilities, now they can focus on execution and maybe "underpromising", set expectations low enough to meet them.