Ann: Quarterly Investor Update, page-4

Hard to disagree. I expected the 4Q numbers to be a little better than they are given that management has on every call and in every release over the past several months alluded to industry conditions and how robust they are. It seems that shareholders are being asked to be patient for one more quarter, one more half, one more year, while the company fully harnesses demand. I will oblige – all told, the 4Q data look more or less ‘okay’. But I don’t think it’s unreasonable to expect to see some seriously impressive sets of numbers released in the next two quarterlies, particularly in light of the commentary in today’s release.