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Oh yes, the stock market drop isn't effecting this at all, no.

You can't blame the lose of momentum of the economic downturn. You can, however, explain stock drops on the stock market. In 2006, the stock market was still going up. It being lower from 2006 to 2009 does not means they are as good or worse then what they were in 2006. Profits can measure this. Look at their next financial statement for the year's end to see how well they are doing.