Last quarter operating margin was 9% vs 16% in 2009. I believe that with huge government contracts, gross margin should improve considerably unless TSYS has high variable costs. I also share the frustration of other investors. I made money when I sold my shares months ago but in my reentry I shorted puts march 7.5 strike price thinking that by March price will be over 7.5. But I am starting to have seconds thoughts and I may close the puts and take my losses. I will wait for next week. This is a company with top rated products with huge government contracts but Wall Street does not react favorably with such excellent news.