P&F Industries, Inc. (NasdaqGM:PFIN) is looking for acquisitions. Joseph Molino, Chief Operating Officer and Chief Financial Officer said, "We're looking at acquisitions. We always are.

This isn't any new information, but I think you rightly point out debt levels are getting to the point and sustainability of profits and cash flow are getting to the point that we certainly will be in a position to pull the trigger on something at some point next year, assuming we're comfortable with how we're doing with our factories".