Actually, it's up 50% over the last 2 years, though it did spike in the middle of the period and is down about 50% from there.
It certainly doesn't appear to be heading for pinkie land with a PPS over $3.
Could be an acquisition candidate- good point.
Personally, I like the long term prospects, but it's a bit too early for me to be a buyer. I want to see some evidence of positive cash flow, then I think it's time to take a position.
This one is probably shortable though, if you're convinced it's headed down. Not one I'd bet against, but to each his own.