Management was either being intentionally evasive (as if there's some sort of buyout in the wings which they cannot discuss)...or they just have no plan going forward that makes any sense to me.
I agree with the comments expressed here previously that the company appears to be jusy limping along and not being very aggressive in either finding a good fit acquisition, creating new opportunities or in buying back shares...an aggressive share buyback appears to me to be the best (and least risky) use of capital...if they're not pursuing "expansion" or seking to go private.
tbar...... I hope you're correct on shopping the company........ it's certainly a good company that fills several niches well...... but I can't see any good reason or need for it to be a public company. JMO
ren....... I too caught the end of the call and walked away with the same feeling regarding some kind of acquistion and a sense of being underwhelmed....... personally, I think the company should be taken private or broken up and sold...... and as someone else mentioned, the company seems to now be entirely run for the benefit of the company employees......... maintaining a stable environment for employees is certainly important but there also needs to be some balance with returns for shareholders. JMO, until there is an acquisition or return of funds to shareholders, I'd say this remains dead money at best or, more likely, a depreciating asset. GLTA