"Given the slower than anticipated economic recovery, we see a longer timeline for our corporate initiatives to gain traction," said Craig Herkert, president and chief executive officer.
I agree that the economy is recovering, although I'm not sure I ever thought it would be anything other than painfully slow.
As a former PR guy and public company spokesperson, I actually like Mr. Herkert's quote. It uses bad news to give good news. The recovery is slower than anticipated, but it's a recovery. The timeline is longer, but the initiatives will gain traction. His glass is half full.