[critikal]

What do you think about their current debt/cash flow situation? From a quick glance at the company it looks like they'll have an awfully hard time turning around the company (and paying off their debt) with such low cash flows. They are, however, borrowing less money now (~5M in 2006 vs. ~443M in 2004) is this management's decision or their financiers?

You say that in the short term they will bounce 15%, do you have a catalyst for this or do you just "have a feeling". Almost 27% of the shares outstanding have been shorted-an astronomical number. I guess there's a good possibility for a short squeeze, but with that high of a percentage I'd do more research before buying the stock.