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Ladies and gentlemen, thank you for standing by and welcome to the Public Storage First Quarter 2014 Earnings Conference Call. All lines have been placed on mute to prevent any background noise. After the speakers' remarks, there will be a question-and-answer session. Thank you.
Collectors Universe is a neat little business with considerable competitive advantages and an attractive dividend profile, but shares are too pricey right now.
We applaud management for remaining constant in the face of union pressure for a higher price.