(Bloomberg) -- Marsh & McLennan Cos. gets no respect
among investors and that may be reason enough to start buying the
shares of the insurance industry's largest middleman.
Ever since it was hobbled by a bid-rigging scandal that lopped
almost half of its market value in October 2004, the New York-based
broker's stock hasn't traded above $33.19, down from a high of
$67.44 in 2000. A mere two out of 13 analysts recommend buying
Marsh & McLennan, the only one of the top three brokers not to
advance since the industry paid more than $1 billion to settle
price-fixing allegations.
Read more at Bloomberg Stocks News
among investors and that may be reason enough to start buying the
shares of the insurance industry's largest middleman.
Ever since it was hobbled by a bid-rigging scandal that lopped
almost half of its market value in October 2004, the New York-based
broker's stock hasn't traded above $33.19, down from a high of
$67.44 in 2000. A mere two out of 13 analysts recommend buying
Marsh & McLennan, the only one of the top three brokers not to
advance since the industry paid more than $1 billion to settle
price-fixing allegations.
Read more at Bloomberg Stocks News
No comments:
Post a Comment