Question-and-Answer Session
Operator
(Operator Instructions). Our first question comes from the line of Charlie Strauzer, of CJS Securities. Please proceed.
Charlie Strauzer - CJS Securities
Joe and Jon, can you just answer just couple of quick questions here. First is, if you look at the guidance, obviously you’re giving a pretty conservative range here at the low end implying kind of flat sequential from Q2.
What would kind of happen for you to kind of hit the low end of that range? I would think that seasonally you typically see a pretty good pickup in your fiscal Q3 calendar, Q4 your on top line, even when you look last year, with the economy ticking in nose-diving you still saw a pretty decent sequential improvement. Can you talk a little bit more about that?
Joe Davis
Talking about last year, most of our customers planned their marketing budgets out several months in advance. We may not have that actual contract, but they've got it planned. So, last year we saw a rather strong October and we saw November and December down dramatically. So, we also saw January and February down dramatically. So, operationally last year certainly had a lot of election business in the month of October and that this October we’ll have some election business. Some of the democrats really spend more money sounds to me like when I hear the news this morning.
In any event it’s very, very difficult to predict what the December quarter revenue might be. I would tell you that historically in our industry that we’re in overall, November, December, January, February are not robust months. It's very, very difficult in this environment to predict how those months are going to be this year. To some degree may be we have taken well a conservative approach. But, compared to the clients in previous quarters we think it’s a very reasonable approach.
Charlie Strauzer - CJS Securities
Also, if you can talk a little bit more about, I saw you bought Kohler out of St. Louis and an asset purchase, are you starting to see more of those types of assets coming to market where banks are basically taking control now, are you starting to see a little bit more of a over pickup in kind of the seizures, and people just closing their doors in terms of the potential targets deal?
Joe Davis
Well, we’ve seen a number of printers close their doors, some fairly largely. Denver LA for instance, two rather large companies they have locked the doors one day. We’re seeing a number of smaller companies close down. We have full-time people involved in acquisitions, Jim Cohen heads that group. We’re talking to a number of people today. Unfortunately, most of the situations we’re looking at are in a distress situation.
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