Question-and-Answer Session
Operator
(Operator Instructions) Your first question comes from the line of Analyst – Smith Barney
Analyst – Smith Barney
Operationally a lot seems great, my concern is that the stock is at a five year low and as you’ve been stating for the last half hour, you’ve really come in quarter after quarter with great numbers but as far as valuation and sponsorship of the stock it’s a very different story. As we watch it the stock price gets thrown around like a baby in the ocean, I was wondering what your plans are to correct this in the future?
Henry Schleiff
We are operating I think on all pistons. Our job is to run the company in the most efficient and the most profitable for you the shareholders as possible. There has been a long-term disconnect I believe not only in our stock but in other stocks, I think, between their performance and in fact stock price.
So holding aside if you will this economic environment which we can get into, its just very, very hard, impossible to bridge that disconnect. All we can do as management if you will is do the right thing. I think our choices, our production, I think the way we’ve monetized it, you’ve been complimentary about our securing if you will, our distribution base, we’ve literally done everything we can and I would think in a more economically rational environment that would be reflected.
But in fairness that is not the case, no one can argue with the price that you now see of our stock and I believe that’s exacerbated in this environment where, in which there are all sorts of illegitimate and illegitimate questions and demons. But all we can do frankly is to do what we do best and that is run this company in your interests and in the interest of all of our shareholders.
Brian Stewart
I think one of the aspects of, to your question, its certainly difficult to sometimes how and why the stock trades, certainly the fact that it’s a thinly traded stock and as a company that has a fair measure of debt, so to the debt question we’ve talked about this in the past, certainly the plan going forward as we mentioned the continue to hit the operating benchmarks that we’ve established, continue to grow our bottom line, and increase our cash flow and with that growing and stable cash flow we think that we will be in a position to refinance that debt sometime in the future.
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