Hi Miike,Agree with the bargain prices CUS have been paying of...

Hi Miike,

Agree with the bargain prices CUS have been paying of late for the buy back. Over 2 million shares bought back now and 10 mill to go. They just sent out chqs and deposits yesterdayof nearly $11 million and now we have a dividend to be announced in the next couple of months. This demonstates they have great cash flow and and putting back in the hands of the shareholders in the most efficient manner. With the new entrants in the ATM deployer space the competition is for key sites. CUS has spent the last 7 years assembling a portfolio of blue chip sites backed by the best service and machines in the industy. New entrants can place machines in sub-standard locations, like the ones popping up in low traffic areas OR try to outbid CUS + CASHCARD with higher merchants rebates on contract renewals. This is leads to cost pressure / cash drain on the new entrants so they need to have deep pockets and be prepared for the long haul. CUS could compete on offering higher rebates but why would they ? Merchants above all want a reliable machine that is backed by backed by great service such as CUS. A number of deployers would be knocking on CUS door at the moment to buy them out and CUS would be assessing the locations and saying...well we're only interested in X number of your machine's so here's the offer. Maybe when CUS does buy a small depolyer it will be from a reciever.