Question-and-Answer Session
Operator
(Operator Instructions) Your first question comes in the line of Robert Wilby with Banc of America Securities.
Robert Wilby - Banc of America Securities
I guess the market here is not quite ensuring your enthusiasm for the opportunity here. With the stocks sitting here read EBITDA multiples on the mile on our expectation under six times now. Is it time to move to the next phase here of maybe doing something with the cash here to take advantage of the stock if you are so confident in the opportunities here going forward?
Thomas Bologna
I think because we are in?what we believe, we are in a globe phase, and the prudent thing for us to do is to continually use our cash position to grow this business as we see fit. For example, the investment that we have been making in the UK and our building capacity for some of this mega tender business which we are very, very pleased with and the National Procurement Plan plus we always like to keep a good cash cushion in the company.
Robert Wilby - Banc of America Securities
So, I am trying to believe I mean you will be cash flow positive this year, the fourth quarter cash number was quite good or do you generate some cash, what precludes you for putting just a small amount into the stock? I would find it to be particularly accretive.
Thomas Bologna
That is something, that is a good question, that is something that we will discuss at the next board meeting but that being said, Robert, again our primary emphasis is to make sure we have a good cash position going forward and be in the position to capitalize on opportunities as they arise such as we were able to capitalize and ReliaGene and what have you.
Robert Wilby - Banc of America Securities
And you may have given it in the numbers, so, what did ReliaGene actually contribute in the quarter and the shortfall then in the scrapie, I mean what was the deal there?
Thomas Bologna
The scrapie was quite significant and as we noted in some of the analysis regarding ReliaGene, they were running at about a $7 million annual rate and they have obviously done a very, very good job of cleaning up some of the backlogs especially as we integrate those businesses so I would say if you look at that on a monthly basis and scrapie that out to a couple of months and then subtract maybe 20% to 25% because of the transition, that will probably give you a pretty good indication.
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