Seeking Alpha

AmTrust tumbles after GeoTeam takes aim

  • "AmTrust's (AFSI -11.5%) financial position has never been stronger," says CEO Barry Zyskind, responding to The GeoTeam - in a Seeking Alpha  article - suggesting the company is a house of cards.
  • "The Company has addressed issues in its quarterly earnings calls and public filings that have been raised regarding its investment in life settlements, clarifying the accounting of the life settlement portfolio."
  • SA contributor Brian Grosso - who just a few days ago called the stock a potential double with little downside - is shaken up enough by the GeoTeam essay to quickly exit his position (see the comment thread in the GeoTeam piece).
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