Word: analysts
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Despite the stomach churning stock plunges, the situation with insurance companies simply doesn't compare with the failed banks, says financial analyst Barry Rabkin of Financial Insights, an IDC company. "They're solvent - solidly solvent" thanks to conservative investments and tight state regulator oversight. The big companies are "not going anywhere...
...attention this week, when stocks of both MetLife and The Hartford took a pummeling as they announced losses on their investments, particularly in the distressed mortgage sector. And the Wall Street Journal reported Thursday that the two companies had discussed merging, though the talks had not produced an agreement. Analysts for the credit rating company A.M. Best have downgraded their outlook for insurance companies, but they say the companies have weathered the financial crisis better than banks and investment houses so far. While warning that "nobody is immune" in such a dismal financial market, analyst Tom Rosendale says customers aren...
...analysts admit that most of them failed to predict how fast oil prices would drop. Just a few months ago, some were saying oil might reach $200 a barrel by year's end. "The analysts have been quite surprised by the pace and volatility of the decline," says David Fyfe, senior oil analyst for the International Energy Agency in Paris, which as a rule does not predict oil prices. "The volatility has been quite marked...
...attract a younger demographic to the iconic baby-boomer brand. Harley kept increasing its stake over 10 years and finally bought it all in 2003, even though Buell accounts for a mere 2% of Harley's sales. "What does Buell bring to Harley?" asks Don Brown, analyst and president of DJB Associates in Irvine, Calif. "Good question." In 2007 Buell brought in $100.5 million in revenue and shipped 11,513 bikes, compared with Harley's whopping $5.7 billion and 330,619 bikes shipped. "They're almost like a rounding error," says Ed Aaron, an analyst at RBC Capital Markets...
Rajaram, a former financial analyst at PricewaterhouseCoopers and Sony Pictures, left two suicide notes - one for police and another for family and friends - and a will. "I understand he was unemployed, his dealings in the stock market had taken a disastrous turn for the worse," said Los Angeles deputy police chief Michel R. Moore. "This was a person who had been quite successful in this arena." Amid news of the global financial crisis and the credit crunch, this murder-suicide has become emblematic of the times - in its way parallelling the deathly plunges of Wall Street stockbrokers...