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After The Fact Analysis

By Reggie Abaca, Published: October 31st, 2008 12:09 PM CDT


The wolves are surrounding as Eric Berg, a Barclays analyst in New York, said it was "likely" that Hartford Financial Services Group Inc. would be unable to sell itself or entice a private investor or the U.S. to supply fresh capital.

"Our thinking is that it is more likely that Hartford (HIG)'s share price continues to sink," said Berg in a note to investors.

Hartford fell 52 percent yesterday after posting a $2.63 billion third-quarter loss the day before.

The key word is yesterday, which is the day before this "note to investors."

I wonder, did Berg predict this state of affairs a few weeks ago, or not?

Does a weatherman know the weather three weeks from now? 

You be the judge: Eric Berg Oversight Page

Related: HIG

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