Maiden drops on concern annual report may be delayed

Investors shied away from Maiden Holdings after company
executives warned that they may miss a filing deadline tomorrow to
produce audited financial statements, citing a $120.4mn reserve
charge disclosed two weeks ago.
Maiden shares slumped almost 6.4 percent to close at $15.45 in
New York trading.
"Today's market sell off is badly overdone," said
Keefe Bruyette & Woods analyst Meyer Shields in a note to
investors. But he also reduced his earnings estimates and share
price target, citing low