I wouldn't count on them buying back much of the debt unless it drops to .50 on the dollar again. It was a nice quarter from an earnings standpoint, but revenues in scantron, licorice, and harland financial solutions was a little disappointing. I think this quarter and the next year we are hitting the sweet spot of cost savings. Most of restructuring charges have passed through, interest rates are lower and they bought back some debt, and there are 2 million less share than last year. It will be interesting to see how much cash the company has, and what they will do with it.

Mike