Yes, an ugly looking chart, but the real story is actually good
http://www.marketwatch.com/news/stor...E960D3F0A08%7D
ACV spun off part of their business into a separate company (Sally Beauty Holdings - SBH). ACV shareholders received one share of the new ACV, one share of the new SBH AND a $25 special cash dividend for each share they held before Nov 16. Overall, they have more value after the drop on the charts than before.