Question-and-Answer Session
Operator
(Operator Instructions) Your first question comes from Walter Schenker - Titan Capital.
Walter Schenker - Titan Capital
I am a recent shareholder. I think I bought about half the volume over the last two weeks. The opening discussion, there is a question here, talked about the ?significant bargain for investors,? given the fact that the stock trades at dramatic discounts to cash and book value, and given the growth prospects for the company.
Can you give me some sense or explain why we will not be pursuing an active share buyback going forward since it is extraordinarily accretive to shareholder value?
Jeffrey Jagid
I appreciate the comments on the question, this is Jeff. Other than to suggest that it is something that the Board evaluates periodically, we do you have a Board meeting on September 11, a few weeks away, it’s not something we’re currently considering although it is something that we periodically evaluate.
In 2008 we did deploy certain element of cash, certain amount of cash for share buyback, about $10 million or so, I think we bought stock back in an average price of about $9 a share, the most recent board meeting that we had, we have decided now that a share buyback was not really the best use of the company’s cash, but it is something that we consistently review.
Walter Schenker - Titan Capital
Well, let me just respond by saying it is inconceivable, underlying inconceivable that virtually any inorganic growth will be at evaluation cheaper than your own stock, and therefore it seems to me fairly clear for this board meeting that this policy should be reconsidered. That’s a statement. Now, just one other quick question, I’ll be done. Since you’ve probably disclosed it in the queue, how much or roughly what percentage of the business was Wal-Mart this quarter?
Ned Mavrommatis
Walter, this is Ned. Just to give you the top four customers for the quarter which includes Wal-Mart, Wal-Mart was the biggest customer at 22% revenue, then it was followed by the Postal Service, American Eagle and Ford were all the top four customers.
Operator
(Operator Instructions). Your next question comes from Chris Ryder - Lucrum Capital.
Chris Ryder - Lucrum Capital
The SG&A line of $3.4 million, should I be thinking that as the run rate SG&A for the quarterly balance of the year?
Ned Mavrommatis
Yes, Chris. In addition we would continue to look at other non-payroll related items. So it could be less than that going forward, but that would be the maximum number.
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