Full disclosure, I'm in WRTH at 1.92. No doubt this "sure thing", can't miss monster of a trade will be a bumpy ride. My "logic" is that the upcoming earnings will be a beat. Two weeks ago Morgan Stanley took a position in the stock with a target of 7, and it's difficult for me to believe they would do that in such a beaten down pibsqueak of a company unless they were reassured that the outlook would be positive. We shall see, the bet is on the table.
With big money behind it the risk reward looks good. With such a huge move I'm thinking many of the shorts are squeezed out already, however....