Question-and-Answer Session
Operator
Yes, thank you. (Operator Instructions) First up, we have a question from Matt Difrisco - Oppenheimer.
Matthew Difrisco - Oppenheimer
Thank you, can you hear me okay?
Marcus Jundt
Yes, we can Matt.
Matt Difrisco - Oppenheimer
Okay, just curious what is the cash balance? I might have missed that if you mentioned that at the end of the quarter.
Mark Robinow
Fourteen-and-a-half-million, Matt.
Matt Difrisco - Oppenheimer
Fourteen-and-a-half-million, so you sold your corporate bonds, then?
Mark Robinow
No that balance is made up of cash and investments including auction rate securities.
Matt Difrisco - Oppenheimer
What's your cash balance?
Mark Robinow
The cash is like $6 million and some change.
Matt Difrisco - Oppenheimer
Okay, and then you have short-term investments in corporate debt securities?
Mark Robinow
They are primarily in money market funds and bank certificates of deposit.
Matt Difrisco - Oppenheimer
And how much did you have of that?
Mark Robinow
Well that’s – there’s about $400,000 of that.
Matthew Difrisco - Oppenheimer
Okay, so right now you're pretty liquid then, as far as $6 million is cash, not short-term investments?
Mark Robinow
Correct.
Matthew Difrisco - Oppenheimer
And then, $400,000 of mutual fund – money markets or corporate bonds, correct?
Mark Robinow
Bank certificates of deposits.
Matthew Difrisco - Oppenheimer
Thanks, okay. And then, can you give us the timing of – should we presume then it sounds like that, store that is falling out in '08, would be 1Q' 09 opening?
Mark Robinow
That is correct.
Matthew Difrisco - Oppenheimer
Would that be the only store coming in 1Q? I’m just trying to manage the pre-opening costs.
Mark Robinow
Probably will be – that one will probably be early Q109, and there will probably be another one at the end of Q109.
Matthew Defrisco - Oppenheimer
Okay, and then have you – where do we stand as far as – I think you mentioned commentary that the cost has come down on the structure. The investment costs have you now – what have you done to the prototype or where have you reduced the cost? Has is it been the fish tank or where are we looking to save some of the cost? Is it the smaller capacity store or is it [FF&E] things that we might not otherwise notice?
Mark Robinow
Matt, I don’t think we said that the cost went down. I think we said it stabilized. So it’s still $2.5 million net of our TI allowances.
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