Frist Sold Hospital Shares Before Drop - Yahoo News

[Coastie for Truth]

WASHINGTON - Senate Majority Leader Bill Frist, a potential presidential candidate in 2008, sold all his stock in his family's hospital corporation about two weeks before it issued a disappointing earnings report and the price fell nearly 15 percent.


Frist held an undisclosed amount of stock in Hospital Corporation of America, based in Nashville, Tenn., the nation's largest for-profit hospital chain. On June 13, he instructed the trustee managing the assets to sell his HCA shares and those of his wife and children, said Amy Call, a spokeswoman for Frist.

Frist's shares were sold by July 1 and those of his wife and children by July 8, Call said. The trustee decided when to sell the shares, and the Tennessee Republican had no control over the exact time they were sold, she said.

HCA shares peaked at midyear, climbing to $58.22 a share on June 22. After slipping slightly for two weeks, the price fell to $49.90 on July 13 after the company announced its quarterly earnings would not meet analysts' expectations. On Tuesday, the shares closed at $48.76.

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Marcus Welby, MD

[Politicub]

1. Frist has balls

or he's stupid to pull something off like that. I hope Martha Stewart uses her media platform to make Frist toast.

[bullimiami]

2. so much for his supposed "blind trust"

he is a crook, just like his stupid boss. yet martha went to jail.

there is no justice.

[rodeodance]

3. glad this deal made headlines.

Average (432 votes)
4.1 stars

[ClintonTyree]

4. Someone better "Martha Stuart" the bastard........

what am I thinking? The same rules don't apply to Republicans as everyone else. He's just lucky, that's all! :eyes: