HIG clearly faces hurdles with potential declines in business, but based on the news from E*Trade (ETFC) last night it doesn't appear that customers are that concerned about doing business with a company in financial trouble, but has a solid business platform. Analysts expect them to earn $1.16 in Q2 which would be more icing on the cake for a $13 stock. This number seems murky to me considering the TARP funds and such, but its apparent that HIG should report positive earnings. Something the market should know but clearly hasn't been counting on.
- "On the unrealized side, you are going to see a reversal of some of the losses that were taken in the fourth and first quarters," said Hexagon Securities analyst David Havens. "These will be fairly substantial numbers."