Question-and-Answer Session
Thank you Mr. Theisen. The question-and-answer session will be conducted electronically.[Operator Instructions]. We will go to our first question from Ghansham Panjabi with Wachovia.
Ghansham Panjabi - Wachovia Securities
Hi guys, good morning.
Jeffrey H. Curler - Chairman and Chief Executive Officer
Hello Ghansham.
Ghansham Panjabi - Wachovia Securities
Two related questions if I could. First off are you expecting any sort of resident relief in your '08 guidance, may be in the back half of the year?
Jeffrey H. Curler - Chairman and Chief Executive Officer
Henry do you want to answer that question
Henry J. Theisen - President and Chief Operating Officer
No we are not expecting any, what we have built into our plan is flat resin.
Ghansham Panjabi - Wachovia Securities
Flat versus the end of the first quarter or would you project --
Henry J. Theisen - President and Chief Operating Officer
Flat at the end of the first quarter.
Ghansham Panjabi - Wachovia Securities
Okay, alright. And then just in terms of your overall business, particularly flexible packaging, have you seen any change in the market environment during the fourth quarter. For example is December better than October and also how is January tracking? Thanks so much.
Henry J. Theisen - President and Chief Operating Officer
Ghansham, as far as tracking the business in December, it was fairly weak in flexible packaging, but January has started off very strong. So we are encouraged by that. But we have had a couple of years in a row 2006 and 2007, where we had a weak December and then followed up with a good January. So it's a little to early to say but we are encouraged by the strong order intake and shipments that we have seen in January to-date. So little too early tell but we are encouraged.
Operator
And we will go to our next question from Steven Nissan with Mindflow Capital [ph].
Unidentified Analyst
Yes thanks very much guys. Congratulations on a decent quarter in a very challenging market.
Jeffrey H. Curler - Chairman and Chief Executive Officer
Thank you.
Unidentified Analyst
You guys have talked about obviously this year is going to be very, very challenging for your company, and also the industry as a whole. Going forward what are going to be your operational proven initiatives, regarding meat manufacturing, and Six Sigma throughout plants so that you can improve throughput and how you prepare to see some benefits of that impact?
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