We believe that these initiatives, together with improved cash flow from business operations, have enhanced our financial flexibility. We currently have sufficient resources to retire the remaining '06 convertible notes at maturity and based on current forecasts we believe we will have sufficient liquidity available to satisfy the 146 million of 5 convertible notes due March 2007. As previously announced, during the first quarter of 2006 we purchased in the open market 30 million face value of our outstanding 471 million aggregate principal amount of 9.25 Senior notes due February 2008.
More Quotes from Ken Joyce:
As we seek to increase profitability, we are undertaking a comprehensive program designed to streamline our corporate-wide support organization and reduce SGA costs. Fourth quarter SGA expenses included a charge of 3.3 million associated with employee reduction and separation expenses, which we expect to yield annualized savings of around 8 million. We intend to continue this process during 2006 with the goal of not only reducing costs, but also improving operational effectiveness.Ken Joyce
The college-aged players are a little bit more mature and have the opportunity to move a little bit more quickly through this organization.
Ken Joyce
They made a good play. They executed well, but I thought our guys played well today, also. They just made the play in the end.
Ken Joyce
I can't understand how his record is how it is. It seemed like every one of his pitches had movement on it.
Ken Joyce
I went back and forth with it in my head for a while before I made the decision.
Ken Joyce
I thought he pitched well, picking up right where he left off last season. He deserved a better fate than what he got today.
Ken Joyce
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