Question-and-Answer Session
Operator
(Operator instructions) Your first question comes from the line of Charlie Strauzer with CJS Company.
Charlie Strauzer – CJS Securities
Bob, can you hear me, okay?
Robert Burton, Sr.
Good morning.
Charlie Strauzer – CJS Securities
Good morning. How are you?
Robert Burton, Sr.
Good.
Charlie Strauzer – CJS Securities
Thanks for taking my call. I just wanted to just touch basically on when you kind of look at the environment, obviously, direct mail has been pretty tough. You have done a remarkable job kind of given the economy of taking costs out of the business and to stand behind your guidance. You have generated basically $100 million or so of the $130 million of free cash flow that you have pledged. When you kind of look out towards next year, and if you don't see a return to the credit markets, I would assume that your main priority for cash right now is going to be the pay down debt and maybe a couple of select tuck ins. Is that correct?
Robert Burton, Sr.
That is correct. You know, and we are no – we have no crystal ball, but we look at this thing, and I have said all along I think we will end the year the way we started the year from a market standpoint. I think the market is going to continue to be what it is, and nothing exciting to get us where we think we're at. I do feel that next year, getting into the second quarter, things will be better, strictly from the standpoint that comps may look better. But I don't know. We are prepared to go into this next year and continue to focus on cost, continue to pay down debt, and look for these smaller little deals that we can do. Now, saying that, there's some other opportunities out there that may present itself. When you look at financially, that it makes sense, that can accelerate our growth, and we feel comfortable enough that we can get it done. But I think we are going to ride this thing out. And I – we think as we talk to our people the most important thing we have to do is to demonstrate to our investors that we can deliver this number and probably – without a doubt the most difficult economy we've seen. But yes, that's the direction we're going. And hopefully things will get little better where we have an opportunity to do something larger that we can integrate it and move this thing on little faster.
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