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Article: PICO Holdings, Inc. Announces Results for the First Quarter of 2008.
- Article from:
- PR Newswire
- Article date:
- May 9, 2008
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LA JOLLA, Calif., May 9 /PRNewswire-FirstCall/ -- PICO Holdings, Inc. reported shareholders' equity of $525.1 million ($27.88 per share) at March 31, 2008, compared to shareholders' equity of $525.9 million ($27.92 per share) at December 31, 2007, and $513.9 million ($27.48 per share) at March 31, 2007. During the first quarter of 2008, shareholders' equity declined by $737,000, and book value per share decreased by 0.1%.
Commenting on the quarter, PICO's President and Chief Executive Officer, John Hart, said:
"During the first quarter, winter weather delayed the construction of a surge tank, which was the final phase of the Fish Springs Ranch ...