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