Crown Crafts, inc. (CRWS)

[poundwise]

I see Feb 14 was when the Q was published (8 am) and the stock down by almost $1.5-$2. Why? Does anybody know the answer.

It seems like they did pretty well for 3 quarters ended Dec 31, 2006. Churchill impairment is small issue. They had a gain from debt refinancing of $4mm which significanly boosted their earnings which is why they posted $0.69 per share but if you adjust for that still the earnisngs for 3 quarters ended dec 31, 2006 seems to be over $0.25 (well over same period for previous year). At a 20 times multiple that should be over $5! Is the multiple too high? I believe their full year EPS would be higher.
What am I missing? High stock option expense (doesn't seem like it)?