Huron Consulting Shareholders Get Scalped

Originally Published In the News March 27, 2008 10:45 AM

The Disaster Du Jour is a doozy.

Huron Consulting Group Inc., which provides financial and operational advice to businesses, on Thursday reduced its first-quarter guidance, citing continued weakness in its financial consulting segment

“While we are disappointed in the results of our financial consulting segment in the first quarter, we remain optimistic that this segment will regain momentum,” said Gary E. Holdren, chairman and chief executive, in a release. “The continuing turmoil in the financial markets should translate into an increasing level of investigations and litigation over the next 12 to 18 months.”

These numbers are a rude surprise to shareholders who were expecting a windfall from the credit crisis, which should benefit as business resulting from investigations and litigations expanded. These results are shocking, but sober analysts might want to kick the tires, and consider getting long at some point. This stock is on sale, big time. FTI Consulting (FCN-NYSE) is off in sympathy, and this proves there is no place to hide in this tape.

Huron Consulting Group Cuts 1Q Guidance
AP

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