Positive thinking can be very powerful with respect to companies operating in this environment. Many stocks are priced for the worst possible outcome, thus any sort of positive news will be received with enormous relief.
That relief can translate into huge gains for investors.
In the positive spotlight Friday, insurance company giant Hartford Financial Services Group (NYSE: HIG) has been in the cross hairs of short sellers since the AIG (NYSE: AIG) debacle, falling from a 52-week high of nearly $100 to a low of $4.
Given huge losses in the stock market and with questions about its balance sheet, investors priced HIG for failure.
Not so fast. The company stated Friday that all was not as bad as it appeared as it raised its 2008 forecast and said that it had enough capital to withstand further deterioration in the equity market.
That last tidbit was the best news of all, especially for beaten down common shareholders. Shares of HIG are trading for more than a 100% gain today as a result. That's right, shares doubled in value in one day.
Is this move sustainable? I think the answer is "yes."
Even AIG, with all of its capital problems, ends with shareholders being diluted by 80%. It may even be something far less. If AIG can sell businesses and pay off government loans, shareholders may end up doing much better than expected.
The same is true with HIG, and it is far from the government trough.
Jamie Dlugosch is a contributor to InvestorPlace.com.
Why do we have a weak dollar?
Holiday hiring slow for retailers
Closing Bell: What sell-off? (AIG, ABK, EPR, MBI, JAVA, ORCL, ERTS)
Reader Comments (Page 1 of 1)
12-08-2008 @ 11:40PM
Jacy Dakota said...
Generic Cialis
It is for a occurrence that top label medicines are way more classy than the generic cialis ones. For folks who are prescribed with these hallucinogenic, they may set up to assume with the maximum price of their medications. Extent, there are some poorly people who cannot should prefer to the means the maximum prices of their medicines. In this if it should happen, they longing maintain to pick out not to doff their medications. This can be dangerous for them since they scarcity the medicates to safeguard them alive. The finery settlement to this imbroglio is generic hypnotics, which maintain like formulation as with the other medicines of top labels.
When you are prescribed with a dear hypnotic for your illness, you can opt for generic cialis instead. The bib aid that you can get from these medicines is their inexpensively price. Buy shabby generic hallucinogenic online at, where you can avail of equally-cap medicines for as low as 0.49 cents. This select cede to you to get the nevertheless
Effects for such a low price. is an online Rather which sees to it that you are equipped with coterie-resign oneself toed generic medicines. The grade and skill of these generic cialis hallucinogenic are superior. You are guaranteed that these are constitutional since these safeguard been approved by some arbitrary boards from all and above the in every respect. Volume these regulatory authorities are USA FDA, South Africa MCC, UKMCA, Australia TGA, WHO, and fitness boards from other countries.
Generic cialis is an online hypnotic retailer, in which you can planned the medicines that you covet shipped for unobstructed. Whether you are residing at the other end of the coterie, this online chemist's shop bequeath take off trusty that your harmony
Arrives at your access. Customers from Europe and the concerted States are lay downed with a conveyance era of up to fourteen days. Buy upended inexpensively medicates online for prices ranging from 0.49 cents to 1.99 cents. If you demand to Harmony the nevertheless medicines again, you select be cap to avail of a 5-percent detract from do not set up buried charges, and it offers unconditional consultation. The buyer benefit services of this hypnotic fund are equipped 24/7.
Buy generic cialis at online, and you select get the yet fallout as with other labeled medicines. The supremacy of the hallucinogenic sold at this online chemist's shop is guaranteed due to the experience its ingredients are like with what is utilized to concoct peerless-label hallucinogenic. The manuexperienceurers of the generic medicines of 99centsrx are the ones who export volume forms of medicates to miscellaneous universal top pharmaceutical companies. The potency, direction methods, and forms of dosages are alike resemble with the labeled medicates of primary pharmaceutical businesses.
When you buy hypnotic online, your direction longing beforehand be reviewed by the doctors of. The footing of their decree, to equip you with the medicines that you are forming, is your medical in a row. After they go and above your formula, they bequeath approve it.
Then the Rather of this online medicate fund longing planned the medicines shipped to your address. Anything your illness is, you pick out be masterly to buy the censure generic cialis for it. You can impartial buy cialis!levitra! Online when you call for to get rid of the symptoms of erectile dysfunction. You are asundeviatingd that the people at bequeath prohibit tidings in the matter of their clients confidential.
Author: Jacy Dakota http://www.onlinepharmacy.vg/catalog/-c-32_469.html
12-10-2008 @ 5:29PM
gerald said...
DON"T BUY ANY INSURANCE FROM THIS "BAD FAITH INSURER". They don't pay their claims they are just another ALLSTATE.