Is there more bad news to come for Progressive?
Friday, March 14th, 2008Investors had a little bit of a freak out at Progressive Car Insurance’s news that February monthly earnings fell 51%, dropping the share price by 6.6%. I guess the interesting question is; is this a sign of bad things to come?
Overall the situation is far from being bad for Progressive. Lets face it even if the economy is struggling a bit auto insurance is pretty much a necessity especially when you consider a basic level of cover is pretty much mandatory.
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