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Re: [onceahardman] Uninsured and need shoulder surgery.:
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shoo
Jan 2, 2009, 4:23 PM
Views: 7187
Registered: Dec 22, 2006
Posts: 1501
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onceahardman wrote: In reply to: You can't really use change in share price to predict profitability unless you know much more about the company's financials. With that in mind, would you agree it is unlikely that a company who's shares fall 83% is turning a profit?
I think I already answered that, but I will clarify.
While it is slightly less likely (and I really mean very slight here), it is not unlikely. There is simply no reasonable way to make any judgments on current total earnings, and especially not on whether the company is turning a profit, based on the share price, or even changes in share price, alone. To do so would be a folly.
Assuming that Cigna's projections are reasonably accurate, and I have no reason to believe they aren't, Cigna is still poised to have a healthy positive earnings this year.
Please note that I am not taking either Jay or Dr. Hard's sides here, I am just clarifying technical points.
Edited for technical accuracy and emphasis.
Further edited to add: It looks as though Cigna's turning a profit according to their financial reports. The P/E ratio is positive. If it wasn't earning, the P/E ratio would be negative, or more likely, unreported. The profitability ratios are also positive.
http://finance.yahoo.com/q/ks?s=CI
(This post was edited by shoo on Jan 2, 2009, 4:40 PM)
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Edit Log:
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Post edited by shoo
() on Jan 2, 2009, 4:25 PM
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Post edited by shoo
() on Jan 2, 2009, 4:37 PM
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Post edited by shoo
() on Jan 2, 2009, 4:40 PM
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