Ann: CEO Transition, page-30

Yes that is certainly positive about the shipping container costs. Hard to tell what sort of impact that would have in aggregate, but certainly better to have the cost go down, rather than up. I am very much drawn to the prudent management and the measured expansion resonates with me - you are spot on. I wish they would shed some light, though, on why share buy backs are basically off the table. Particularly around these prices, it seems to me to be a no brainer. I know funds are being allocated to new stores, but even with those new stores they don't expect high growth for EPS. I feel like it's an incredible opportunity being missed.