For the year ended December 31, 2008 our cumulative total shareholder return was -48.9 percent on the New York Stock Exchange, compared to the cumulative total shareholder returns of -52.0 percent for the Dow Jones US Basic Materials Index (DJUSBMI) and -41 percent for our sector.
At December 31, 2008, based on First Call estimates, we carried a lower forward earnings multiple than the average of our sector (P/E of 5.6 versus 6.1, respectively), and carried a lower forward cash flow per share multiple than our sector (4.2 versus 5.5, respectively).