Question-and-Answer Session
Operator
Your first question comes from the line of Jason Fraser with Raymond James. You may proceed.
Jason Fraser - Raymond James
Just given your nationwide network I wondered if you could talk a little bit about what kind of impact you are seeing from the economy on a regional basis and second question, just any fiber swaps or fiber sales in the quarter? That will be great thanks.
Arunas Chesonis
On the regional impacts, it's really very similar to where you see the unemployment trends and some of the vertical market issues, in some areas like real estate. You can expect that in locations like California, Florida, it still tends to get harder and hit. Michigan although, automotive got hit pretty hard. We're actually seeing some good sales results because of the offerings in the Midwest. So, again, it's very consistent with anything else you'd be seeing out there.
On the fiber swap side; there hasn't really been anything that happened over the last three months that we hadn't already reported on last quarter.
Operator
Your next question comes from the line of Simon Flannery with Morgan Stanley. You may proceed.
Simon Flannery - Morgan Stanley
Arunas wanted to talk about the new strategy that the board approved. Is the real message here that you've got the green light in effect to go ahead and be more opportunistic on the acquisition front and perhaps, you could just talk about what you see out there. We just saw Windstream buy NuVox, we've seen Comcast make a purchase in Chicago. Seems like M&A activity is picking up.
So, comment on what you're looking for and do you have target metrics in terms where you want to keep the leverage or cash flow accretive within a year or two. Give us some sense of how we should be thinking about what might be attractive to you? And then just on the economy, great to see that churn reduction number. It was a big drop sequentially. Do you think that's a good run rate going forward? Do you think there is more improvement to come? Thank you.
Keith Wilson
Sure, Simon. I think this just sort of set the background and really what the board approved is continuation of what we've done in the last five years. We have been fairly acquisitive since 2004 not just with some large (inaudible) targets but also with smaller companies that increased our customer density or improved our product portfolio.
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