No doubt SPRS is a cheap stock. But it dropped to the $2.70's last month, and the $2.50's in December...with better numbers. After today's weaker backlog/outlook and likely difficult year-over-year comparisons on the way, I'm guessing we'll get another buying opportunity.
Anyone buying SPRS below $3? Getting hit today on the expected weaker comp, given the backlog decline. Stock is cheap with that cash position. But maybe this is the first in a series of difficult comps.