7 0.75 2.76 11.8 FY (USD) P/E 3.11 15.3 2012A 2013E 2014E 0.75 0.76 0.81 0.83 3.16 15.0 Source: Deutsche Bank * Includes the impact of FAS123R requiring the expensing of stock options. Risks Downside risks: (1) economic weakness in California, (2) lower longer-term interest rates (pres

Forecasts And Ratios Year End Dec 31 FY EPS (USD) P/E (x) Revenue (USD) Source: Deutsche Bank estimates, company data 1 Includes the impact of FAS123R requiring the expensing of stock options. Deutsche Bank Securities Inc. Deutsche Bank does and seeks to do business with companies covered in its