Question-and-Answer Session
Operator
Definitely Ma'am. (Operator Instructions). We will take our first question from Chris Brendler from Stifel Nicolaus.
Christopher Brendler - Stifel Nicolaus
Hi, good morning. I'm sorry I joined late. I missed most of your part of your margins. I just wanted to see if you haven't addressed it, anything you can say about the staffing, how do you expect to try to improve the performance of the chart as you head into the higher losses? Typically you could address the strategies that might be used to get your self back from the up in drop in LIBOR of your account or price offer as well as any strategies related to showing this kind of resilience in times of economic turmoil. Thanks
Dennis Alter
Chris, I'm sorry that you missed the call, but we really already addressed, all those items point-by-point in the call. So, you can listen it, certainly as usual. You know Amy and I will be available after the call. But we really addressed all those items in our prepared remarks.
Operator
Our next question will come from [Michael Cowen with Herald Hath Capital].
Michael Cowen - Herald Hath Capital
Hi, I was wondering if you could address some of the compare you had with your regulators and how does the feeling about your capital position, your sort of business plan in the next year. I guess, that would be the matter that would be the matter that would be of most concern to investors?
Phil Browne
It is, Phil. Unfortunately, it’s a crime for us to discuss with you what the regulators discuss with us. But I would say that we feel very good in all those regards.
Operator
(Operator Instructions) We'll move on to Doug Campbell with Spirit Capital.
Doug Campbell - Spirit Capital
Thanks very much. These are tough times as you've point out, and with your prime position for long term opportunity, could you talk a little bit about what you think the role would be over time, are they small very specialize financial and mediary restructures and there, and do you see potential pictures opening up that you could exploit in amongst this more difficult time begins to-date or all paying if he start the business as usual among the various players in this space.
Dennis Alter
Doug, this is Dennis. I think there is opportunity and if we look to the recent past the years '01, '02, '03 through '06 and into '07 we were a much smaller company than we are now even though we are small compared to most against whom we compete. But we had receivables of 1, 2 3, $4 billion and were profitable and had a robust business and a growing business and while we grew into those levels and now we’re perhaps shrinking into those levels. There is still a business to be had. Not everyone gets hold of business, our largest competitors, they are in turmoil the Citi's in the field base. Perhaps, they loose focus a bit. So I believe there is always room for smaller players financial moving around the larger competitors. And we’ll be a smaller level of receivables in customers. We have before and we were profitable before and we look forward to that again.
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