United Health Group (UNH) issued a press release today announcing tomorrow’s investor conference in New York. New York is a big place and they did not specify any details. I’m gonna guess it will be at a hotel in Manhattan. But that still leaves a lot of options open. But hey it starts at 07:30 ET. Two hours before market open if you know what I mean?
The announcement was issued the day before. So was there an invite list that was worked well in advance? When would the average investor become aware that important insights would be available? Not exactly an equal opportunity investment. But all the right people probably knew about the event well in advance.
The 8K indicates that starting at 07:30 “a hands-on review of certain of the Company’s products and technologies, followed by management presentations and question and answer sessions.” will be the order of the day.
The press release which was appended to the 8K provides the surprising information that an audio webcast of the conference will be provided but “The informal product and technology review will not be webcast”
The press release promises ” The meeting will begin with a hands-on review of UnitedHealth Group products and technologies, and move to presentations from a variety of senior leaders who will discuss the Company’s performance and outlook, including reviewing business trends and specific initiatives related to its various business units.”
The opportunity for selective disclosure is huge. Some will have access to information sooner than others. It will be very interesting to see what the stock does tomorrow. This certainly is not a level playing field.
Disclosure: George Gutowski writes from a caveat emptor perspective. I hold no positions in stocks mentioned in this post.