I might be reading a different report than others, but thought that their quarterly results were just ok. Definitely a big improvement over the same quarter last year, but nothing fantastic. Cash pile up due in part to slowing their capex down. Of course, all the remodels and such are the "key" (according to them) of their resurgence. I think I agree that the market has gotten ahead of itself here on this one. I agree with Sanjeev's earlier posts to the effect that they essentially need to decide who they are. If they are going to try and make a go of it, put the money in, don't slow down. Otherwise, go into run off and return the cash for as long as they can. Trying to half ass it isn't going to work on this one.
