New Hyde Park, NY (PRWEB) February 17, 2009
SCAEstimate.com is a new website that provides important information that helps people make decisions about their jobs, 401k and investments.
SCAEstimate.com tracks troubled companies which have a securities lawsuit filed against them. Examples of the companies tracked are Bank of America, Morgan Stanley and Bear Stearns which had securities suits filed against them during the credit crisis of 2008. Other examples of the companies tracked are Enron and Worldcom which imploded at the beginning of this decade. The reports provide the odds about what could happen to the troubled company’s share price over the next three years. SCAEstimate.com also estimates the costs of settling these cases and the legal expenses the company might incur.
The employees who work at these companies can access a report on the website to help decide if they like their chances holding the company’s stock in their 401k or bonus pools. Employees who have stock options will also get the odds on the future value for their stock options.
The reports on the website provide the lawyers involved in these cases with the odds of what the settlement may be. These reports should help analysts, shareholders and the company’s management evaluate the potential financial impact of these cases on the company.
SCAEstimate.com was started by Colin Thompson in 2008 as a proactive response to the credit crisis which decimated the 401k plans and bonus pools of Wall Street. Mr. Thompson has worked for ten years in the actuarial area of the insurance industry. He brings a traditional actuarial approach to the examination of troubled companies.
SCAEstimate.com uses a database of 1000 Security Class Action cases to see what happened to the share price of these companies and then turns this history into the statistical odds that comprise their reports.
Reports can be downloaded directly from the website. No subscription is required and SCAEstimate.com does not ask for your email address. A report analyzing Morgan Stanley is available on the website under the heading sample report.
For Information: http://www.scaestimate.com
109 Joseph Street
New Hyde Park, NY 11040
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