Question-and-Answer Session
[Operator Instructions] And your first question comes from the line of Kevin Sterling of Stephens Inc. Please proceed.
Kevin Sterling - Stephens Inc.
Good morning, gentlemen.
Allen Doane - Chairman and Chief Executive Officer
Good morning, Kevin.
Kevin Sterling - Stephens Inc.
With the significant cash flow projected from your condominium project, what's your preference for deploying this cash? Is it continued stock buyback, acquisitions, maybe you could talk about that a little bit?
Allen Doane - Chairman and Chief Executive Officer
Yes. Our number one priority is to find good investments and to grow the business. So that? to the extent that we are able to find those opportunities as we go through the year, we will do that. Obviously, we have a certain amount of maintenance capital that we have, Chris described in the budget. And then, we look at the attractiveness of repurchasing, as Chris also mentioned, in terms of all the other alternatives. One thing that we don't do, because we don't think it is in our shareholder interest, we don't think it's good to telegraph exactly what we will do when in terms of share repurchases. Hence we blocked quite a few you shares in the last few months in the marketplace in an... on an open basis.
Kevin Sterling - Stephens Inc.
Okay. Thank you Allen. After your expansion, into Dallas and Savannah, do you foresee additional opportunities along the East coast at these ports, continue to expand their container throughput and count.
Allen Doane - Chairman and Chief Executive Officer
Stan?
Stanley M. Kuriyama - President and Chief Executive Officer, Land Group; Vice Chairman and Chief Executive Officer, A & B Properties, Inc.
Kevin. Yes, I think we will continue to explore opportunities, you know Savannah was the farthest east we had gone. But we like the opportunity there, and so far we've been encouraged by what we are seeing. So, I think we're going to continue to look at the opportunities in those types of good logistic carriers.
Kevin Sterling - Stephens Inc.
Okay. Thank you. And in your Guam market, were you at all affected by the Saipan garment factory closings in Guam?
Allen Doane - Chairman and Chief Executive Officer
The answer is yes. Jim, please if you could respond?
James S. Andrasick - President and Chief Executive Officer, Matson Navigation Company, Inc.
Yes. It probably had a bigger impact in late '06 and early '07 than had during the second half and we really have at this point in time, and looking forward very little exposure to that market.
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