There just seems to be a barrage of uncertainty with the company in its management team and production lines.

It converts them from a national to an international company. There's been an uncertainty as to where (the companies' relationship) is going. Now that's cleared up.

Given the lingering uncertainty related to the Department of Justice and Securities and Exchange Commission investigations and the management distractions of the past few months, it's likely that our earnings-per-share estimates for Titan, of 74 cents in 2004 and $1 in 2005, will need to be revisited,

I think it's a good company with a very strong management and it's priced very attractively relative to the market and its peers like T. Rowe Price and Franklin Resources.

We think it is a great plan and we're very supportive of the company and management and look forward to the execution of their program.

We believe this represents a fundamental shift for the company and, at a minimum, indicates management is serious about considering all options for profitable growth.