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After The Fact
Analysis
The wolves are surrounding as Eric Berg, a Barclays analyst in
New York, said it was "likely" that the company 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'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.
But did Berg predict that a few weeks ago, or not? Does a
weatherman know the weather in three weeks? You be the judge:
Eric Berg Oversight Page
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Hate to say it, but I gotta agree here. Where is the
massive government protection for insurers? Now, all the
short sellers will circle around this company next week looking to
hedge the market.
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Author:
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Mahyar
Hashemi
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Subject:
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Analyst Coverage
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Sentiment:
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Strong Sell
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Date:
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10/31/08 at 12:23 PM CDT
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Get this:
Moody's Investors Service said last month it may downgrade
Hartford on losses from mortgage-backed securities and stocks in
crippled financial firms.
"may" downgrade?? It's like they're threatening the
company. Analysts really need checks and balances.
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Author:
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Perry
Rod
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Subject:
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Analyst Coverage
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Sentiment:
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Neutral
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Date:
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10/31/08 at 12:28 PM CDT
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So Moody's downgrades one notch and Hartford is up 40%.
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Author:
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Perry
Rod
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Subject:
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Analyst Coverage
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Sentiment:
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Neutral
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Date:
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11/03/08 at 1:10 PM CST
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