Question-and-Answer Session
Operator
(Operator Instructions) Your first question comes from Arnie Ursaner – CJS Securities
Arnold Ursaner – CJS Securities
You spoke a little bit in the beginning about how the credit crisis is impacting your business, but I was wondering if you could expound on what it's doing to the dealers and their ability to finance new inventory?
Leigh J. Abrams
It's very, very tough on dealers. Some dealers have gone out of business. It would not surprise me if additional dealers went out of business in the next 90 or 120 days. So, it's having a tough time with dealers but it's also having a tough time with our customers. Even customers with good credit are having trouble getting loans, but we are hoping with all of the infusions by the federal government, that that will now start to ease.
Arnold Ursaner – CJS Securities
Can you also speak generally about what you're seeing in terms of price expectations for acquisitions?
Leigh J. Abrams
Firstly, the acquisition pipeline has been very active but as I indicated before, people have a certain number in their mind and it doesn't really affect them if prices are down. They still want that same number. So, sometimes in a down market it becomes harder to make an acquisition, but these are probably the worse times that I've seen in 20 or 30 years.
Accordingly, there may be a greater appetite for people to sell now or they may be forced to sell, so I think the acquisition pipeline is probably pretty good right now and it's just a question if we can get ourselves what we call a really good deal.
Arnold Ursaner – CJS Securities
Lastly, you've talked in the past about possible growth opportunities in plastics. Can you give an update there?
Leigh J. Abrams
All I can say is we have our bath product line along with a therma-former line and we’ve been very active particularly in the last couple of months in pushing those product lines. And there’s lots of opportunities there that we would hope to seize upon in the next several months.
Operator
Your next question comes from the line of [Scott Semboe] – Sidoti & Co.
[Scott Semboe] – Sidoti & Co.
Can you maybe talk about price increases that went through to cover rising raw material costs? How successful were you getting those through and now with material pricing coming down. How sticky will those prices be coming back down?
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