Op,
Yeah, I'm not sure that AWC has the capacity to bounce in a major "wow" way because of short covering, because as I wrote I don't think it's sufficiently shorted. Instead, I think it's just fundamentals at work - it's trading at around a 20% discount to book value. Yes, I believe that book value is inflated because assets are only worth the cashflow they produce, but no, I don't believe that book value is inflated to 125%.
