Goldman Slashes Outlook on Health Insurers Following WellPoint Warning - Matthew Borsch (Goldman Sachs)

Sign Up | Log In | What is SocialPicks?

Goldman Slashes Outlook on Health Insurers Following WellPoint Warning
Mar 13, 2008 02:08 PM UTC

Matthew Borsch (Goldman Sachs)

Return	Risk
+0.00%	MID

Tracked Blogger

Profile & Performance

Subscribe to author

Symbol	Sentiment	Start	Return	Closed
WLP		03/13/08	+10.39%	--

Via TheStreet.com's Melissa Davis:

3/12 - "Matthew Borsch of Goldman Sachs cut his outlook for the entire group. Borsch, for one, assumed that WellPoint's problems could soon spread.

"WellPoint's downside surprise to earnings changes our view," Borsch explained on Tuesday. "We are not willing to dismiss WellPoint's problem as mostly or entirely company specific."

Moreover, he added, "a quick fix may be elusive" for the group."

Add Comment

Be the first to comment on this story and earn 2 points.

Your Comment

IN THE PRESS

None of the information contained on SocialPicks.com constitutes a recommendation by SocialPicks or its users that any particular security, portfolio of securities, transaction, or investment strategy is suitable for any specific person. SocialPicks is not responsible for the posts, discussions, and recommendations of the users on the Site. SocialPicks does not provide investment advice. You must make your own independent decisions regarding any security, portfolio of securities, transaction, or investment strategy mentioned on the website. SocialPicks' users' past results are not necessarily indicative of future performance. Neither SocialPicks nor any of its users guarantees any specific outcome or profit, and you should be aware of the real risk of loss in following any strategy or investments discussed on the website. You understand and agree that you use the Site and Services at your own discretion and risk and that you will be solely responsible for any damages that arise from such use. Before acting on any information contained on the website, you should consider whether it is suitable for your particular circumstances and strongly consider seeking advice from your own financial or investment adviser.