United Health Group (UNH) is holding its investor conference somewhere in New York. Dow Jones wire services filed a report at 12:31 ET saying that United Health sees meaningful earnings growth in 2012. The company has previously said 2011 will not look so good. This is earnings guidance without press release.
In the Dow Jones article by Dinah Wisenberg Brin, she claims guidance was provided at the investor meeting. The executives are giving a very meaningful conference. They are relying on coverage of the conference to convey their message.
United Health Executives need a good basic tutorial in Reg FD. The trick is to provide wide dissemination. The corporate website which is supposedly providing data www.unitedhealthgroup.com only has 2010 and 2011 numbers. Dinah Wisenberg Brin quotes United Health President and Chief Executive Officer Stephen Hemsley as saying “… the company expects “meaningful organic earnings growth” in 2012 and beyond.”
The article further points out “Chief Financial Officer G. Mike Mikan described 2011 as a year in which United Health will reset the performance baseline for many of its businesses.” But apparently he held up at 2011.
Stephen please call your lawyer and then the investor relations group. You need to issue a press release and skate onside with Reg FD.
Disclosure: George Gutowski writes from a caveat emptor perspective. I hold no positions in stocks mentioned in this post.
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