Thursday, March 22, 2007

Just another day on Wall Street?

The day after Kathleen Blanco's announcement that she wouldn't run for a second term, ICFI's stock jumped more than 15%. It's biggest jump ever. An all-time high. What exactly does that mean?

To me it seems that the ICFI insiders and stockholders figure that they will get a better deal under a new governor (are they betting on Jindal?) -- even though I don't think that Blanco has been particularly tough on them considering their dismal performance so far. Anyway, I don't believe that what's good for ICFI stockholders is good for Louisiana. New Orleans, beware.

No comments: