United Health Stutters and Double Steps

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.

United Health Group New York Investor Conference

Location map United States Manhattan

Image via Wikipedia

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.