Question-and-Answer Session
Operator
(Operator instructions). Your first question comes from the line of Charles Strauzer, from CJS securities.
Charles Strauzer – CJS Securities
Good morning, how are you, obviously the market’s kind of jittery these days stock prices have been very volatile especially today. I think what I would like to try and qualify is obviously you’ve seen that your guidance has not changed since what you gave out at the end of last quarter, which is implying that you going to be able to show pretty strong profitability growth year over year in EBITDA and in strong growth in cash flow year over year. Number one, and number two the investigation was wrapped up pretty quickly, your internal systems found it they did their job, and you’re moving on from that, and number three, if I heard Mark correctly, you don’t have any significant debt maturities for a number of years so you’ve got a number of things you can do with your free cash flow between now and then, is that correct?
Robert Burton Sr.
I would say you probably said them better than I could; it’s always our objective to deliver more than we did in prior quarters and we’ve always strived to do that. And we feel that that’s the goal and what we’re going to do. The debt situation and the other items you covered have pretty explains themselves unless you want me to reiterate and say that you’re right, you’re 100% right.
Charles Strauzer – CJS Securities
And the reason behind not doing the quarterly guidance I understand that you all in the industry don’t really do anymore, are you is it just because the environment is so volatile right now you just want to take a wait and see approach or is it something you just feel that is just tough to do at this point in the year?
Robert Burton Sr.
Well you know I’ve been doing this for a long time and you know how pressure sort of is and when we had the, we have a lot of orders out there that we’re doing testing on right now and that’s always a good sign that you’ll probably get that order and we’re getting to the situation where you actually are upsetting customers. You’re asking where the business is and you don’t want to be in that position. You can ask for where the business is for loading and making sure you have capacity, but I’ve found that the environment is such you can actually get, we’re getting pushy and we shouldn’t do that. I mean the customers going to give us the business when they want to give us the business, we have capacity set up and if we miss that by one day, or two days or three days, I know what the grief that comes with missing a quarter. I’ve never done that before, but I’ve seen what happens and we have given guidance out all along, we haven’t even given out ranges.
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