I knew earnings would be bad, but they too were worse than expected.http://www.cohenandsteers.com/downloads/4Q_08_CNS_Earnings_R...The company has been reducing costs, but hardly fast enough (and may reach a limit at some point). Bad times, but the balance sheet is solid. Wouldn't be surprised to see this under 7 again. Surprised they did not suspend the dividend.TMFHelical
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