Question-and-Answer Session
Operator
We will now begin the question and answer session. (Operator Instructions) Our first question comes from Bob Evans from Craig-Hallum Capital. Please go ahead sir.
Robert J. Evans – Craig-Hallum Capital
My question is your same store sales accelerated significantly in Q3 versus the first half of the year? Can you give us a little bit more color in terms of why that was and a little bit more color on the business environment?
Peter J. Christianson
We are experiencing a strong market within our agricultural industry right now and as we see that usually where that will show itself is on equipment sales and because of the transaction sizes they will accentuate our same store sales growth versus the after market sales of part and service.
Robert J. Evans – Craig-Hallum Capital
I assume your Q4 guidance is assuming that to continue in terms of where you same store sales might be?
Peter J. Christianson
We did factor that in when we put together our outlook for our fourth quarter, yes.
Robert J. Evans – Craig-Hallum Capital
Do you happen to have with you what were the same store sales a year ago in Q3? I don’t think you had mentioned that and for that matter if you happen to have it handy Q4 as well?
Peter J. Christianson
I don’t have that right here but I can try and get that and get back to you on that.
Robert J. Evans – Craig-Hallum Capital
No that would be fine. A couple of also detail items in your guidance from fiscal 2009 how much stock interest expense are you assuming in that ballpark?
Pete
I am not exactly sure that I understand the question. What exactly do you mean by stock interest?
Robert J. Evans – Craig-Hallum Capital
I am sorry. Stock compensation expense. Your stock options expense.
Pete
Part of the calculation to get to our weighted average shares is that we do have a very small amount that is calculated in there that we recognize for the options that are with the employee plans that we have, very insignificant.
Robert J. Evans – Craig-Hallum Capital
Also cap ex can you give us a ballpark idea for cap ex for fiscal 2009?
Peter J. Christianson
Like I say the best preliminary outlook that I wanted to talk about was our revenue and earnings but for models I guess the cap ex is a very small metric as we see our business, as we measure our business. We are looking at cap ex of $3 to $3.5 million for 2009. And, like I say this is a preliminary outlook but we felt like we really need to do this for all of you to have that, because otherwise it would be too late to weight.
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