In the paragraph pertaining to acquisition, I have to admit to being a bit puzzled that Goerner referred once more to "Patriot’s strong cash position". Is that a reference merely to the fact that Patriot is debt-free and has a few millions sloshing around, albeit far less than there would have been if it hadn't been for divies, or does Goerner know something we don't?

Maybe the fourth qtr. was much better than people are expecting?