HIghlights - - Net loss of $424.3 million, or $3.71 per share, for the fourth quarter of 2008 - Operating income was $11.0 million, or $0.10 per share - Full year 2008, net loss of $772.0 million, or $6.75 per share. - Full year operating income was $57.8 million, or $0.51 per share.
- Spin: We had a big loss, not to worry. We're doing really good otherwise. And we're doing strategic repositioning too.
"Phoenix is committed to growing tangible book value. Phoenix will eliminate its annual shareholder dividend in 2009."