Well what you are missing is the morons who shorted 50% of the float (was going to go up?) (Weston's article timed to mark the position for the shorts at the end of the Q) according to Bloomberg looks like most of the short went on in the mid 20's in Oct/Nov of 07, so if you got off at 40 congrats but most shorts are on at no profit after they pay for the $4.25 in divs. received since fall of 07. Business in run off? They invested $150MM in IGS's yielding 15-20% in Q2. Looks like cash flow going up again in Q3! Add 5-7M to the 52M, and after write offs only being 4M in the Q,,,well,,,,ought oh,,,all shorted up and no where to cover.