Question-and-Answer Session
Operator
Thank you, sir. (Operator instructions) Our first question will come from the line of Ian Zaffino with Oppenheimer & Company.
Ian Zaffino – Oppenheimer
Thank you. A very good quarter. My question is just focus on the free cash flow. You talked about 180 to 250, why not get more aggressive as far as your share buyback program, unless you have another acquisition up your sleeve or my understanding is you probably don’t have a large one so you probably -- it would make sense buying more shares but I would love to hear what you guys have to say. Thanks.
Rich Daly
Ian, first of all, thanks for the comments, and we believe the best opportunity for us is to create value by creating top line revenue growth. So, our focus is going to be to invest in the business by improving our value propositions which we have been doing to accelerate our sales rate, creating new products, things like the Investor Network which we've already invested pretty well into, to take advantage of leveraging our market position and we believe that both our process capabilities, the reputation we have in the market and our distribution channel capabilities really should enable to us to identify more acquisitions with the start we've done. Where we can take those products and by adding our process skills and our reputational skills accelerate the growth rate of those entities under our umbrella than they otherwise they had on their own. So, that's the way we believe top line growth will ultimately create the greater shareholder value and that's what we are committed to do.
Ian Zaffino – Oppenheimer
Okay. And then the other question would be, I am just comparing some of the guidance you had given to what you gave a while ago and you talked about revenue growth 4% to 6% (inaudible) 2% to 4%, is that just you guys being conservative once again or is it related to the downturn in the market, what are your thoughts behind that too, thanks?
Dan Sheldon
Ian, the way to think about that is, when we gave that guidance out and we're still behind that guidance, we're thinking that Notice & Access had not been understood what it would do to postage revenue. So, when you kind of think about it and that's why we brought up to the point to have look at our service fee revenue growth and when you look at next year when we've gone out with the guidance there and said that you will now see in that, what we call, anywhere between 3% and 7% range. When you look at that, that brings us into even in a down-market that we should be coming close to our 4% to 6% and the margins obviously improve because we're pushing more of a service than we are of the distribution.
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