Amtrust Financial Services, Inc fka AFSI

[boardreader92]

Here is what IBD had to say today about AFSI:

Amtrust Financial Services (AFSI) sank 1.53 to 16.23, falling below its 50-day moving average for the first time. The stock is 25% off its July 9 intraday high. Analysts expect the property and casualty insurer to grow second-quarter profit 56%, which would be the slowest growth of the past seven quarters.

Here is the link:

http://www.investors.com/editorial/IBDArticles.asp?artsec=1&artnum=5&issue=20070720

NOTE: this was from their 3PM eastern time update, so the price they quote was not the closing price.

It makes me wonder if they will keep it in the IBD 100 or not. A lot of people read IBD, so if they do drop it out, the stock will likely go down Monday.