Message Font: Serif | Sans-Serif
No. of Recommendations: 0
Group health insurance and services company John Alden Financial Corp. (NYSE: JA) (N) (S) was scalped for $3 1/2 to $28 after reporting Q3 EPS from continuing operations of $0.10, falling well short of the mean analyst estimate of $0.34. The company's medical loss ratio declined in states where it is continuing operations, but group health premiums for the quarter declined about 21%, adjusting for discontinued operations. John Alden also announced that it has hired CS First Boston to look into a sale of the company or possible business combinations (a merger with another company).
Print the post  


When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.