Question-and-Answer Session
Operator
Thank you. (Operator instructions) Our first question comes from the line of Timothy Jergins [ph] with CBS Financial Corp. [ph]. Please proceed with your question.
Timothy Jergins – CBS Financial Corp.
I was just wondering with our current cash position and the market outlook if it wouldn’t be wise to ask some kind of stock buyback program to basically put a floor on the stock and give it a better momentum on the upside. Is there any thought to a stock buyback program of, let’s say, $5 million or something that might add some momentum to the stock?
Richard Sneider
We always are evaluating stock buybacks and stock buyback programs. Frankly, I think – at least management – and that ultimately is a Board decision, but I think the management perception at this point is that no one really understands what this economy is going to do next year and cash is kind of king. And so we’re going to keep it in the bank to weather whatever storm comes our way over the next 12 months. To the extent there is better visibility, then perhaps we might do something. I understand that the stock looks attractive at these levels.
Timothy Jergins – CBS Financial Corp.
Well, it seems to be at an historic low, and some small incremental buyback program, which could be augmented as you gain momentum, and yet have substantial resources to weather the current storm. Are you concerned about the election in terms of a large segment of your business, in terms of military, because evidently one aspect – one group will get the military, which is a standard. Is that something that may hold you back?
Richard Sneider
Well, as far as the military goes, we feel confident looking into 2009 because of the way the appropriations work in Congress. After 2009, you know, all bets are off. We really don’t know what’s going to happen, nor does anyone else. So it’s really the current economic situation, not necessarily the election, which is driving at least our thought-process that we want to keep as much cash as possible.
Timothy Jergins – CBS Financial Corp.
Okay.
Operator
(Operator instructions) Gentlemen, there are no further questions in the queue at this time. I’d like to hand it back over to you for some closing comments.
John C.C. Fan
Well, thank you very much for joining us for this conference call, and I hope to talk to you guys next time. Adieu. Bye-bye.
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