Yes - the downgrade was a gift to first-time buyers - if one wants a quick buck, this isn't the stock, but the analyst said, "dividend is safe" which for many of us is the holy grail these days of 1.43% on ten year bonds. . .also the dividend is qualified at 15%, so for those of us who are "Buffett" type investors, this is the place. . .as for California, don't bet on the parole release ballot proposal passing, Californians may be liberal about many things here, but always tough on crime!!