I was surprised that the earnings miss was so large. Mr. Kemper says the balance sheet is strong and liquidity is improving. Why then is he setting up for a dilution of the common stock to the tune of $200 million? If that is only as a worse case possibility I would expect that he would have indicated that. What it leaves you with is the suspicion things are looking bleak and this stock is going south. Will it hold around $28, it's recent low? If the overall market corrrects sharply, I doubt that it will. I wouldn't put money in it even at that level because I think, now, that this stock is going to languish for years. WW