Question-and-Answer Session
Operator
(Operator instructions). We'll take our first question from Bijan Moazami.
Bijan Moazami - Friedman, Billings, Ramsey & Co.
Good morning, everyone. Couple of questions; first, on the growth opportunities that are you seeing, especially in the extended warranty, where are you growing? How you are growing? How you are doing it? If you can expand a little more on that.
Barry Zyskind
Bijan, this is Barry. We are growing both here in the United States and in Europe. As we mentioned previously, this is a very, very niche market, there is not a lot of competitors. The business that we go after are the smaller accounts. We are really one of the largest players in it. And we are just very aggressive both in United States and Europe. With the declining economy, more and more retailers and manufactures that maybe have shied away from selling extended warranties and additional services now are coming in and need additional revenues. So, we are seeing just a lot more opportunities from a broad range both in Europe and the United States. We have a great team. We have great systems for it. We have the capital. So, we are pursuing it aggressively.
Bijan Moazami - Friedman, Billings, Ramsey & Co.
Wonderful. In terms of acquisition environment, what are you seeing out there? What kind of appetite do you have? And how large of an acquisition you would be able to absorb?
Barry Zyskind
I am sorry, Bijan. Can you just repeat the question again?
Bijan Moazami
I am just wondering what you are seeing in the market place? What kind of appetite you have for acquisition? Are you seeing opportunities just like Unitrin in the market place, is the softening market environment giving you a better chance to be doing even better acquisitions?
Barry Zyskind
I think we are constantly looking at opportunities and acquisitions. What has made us successful in the past has been acquisitions of books of business and taking advantage of that, and not necessarily buying companies with balance sheets. So, we continue to look and see opportunities that will allow us to grow our business without having to buy someone's balance sheet. So, we feel good about the future. We feel good about the opportunities out there in the marketplace and we are pursing them.
Bijan Moazami
Thank you.
Operator
Our next question comes from Dan Schlemmer, FPK.
- To read the full transcript on Seeking Alpha, click here »
