After a major financial release today, Allstate stock again drops. Look at the pattern.
After most corporate financial releases, the stock drops significantly…The stock rebounds as tens of millions of dollars in corporate money floods the stock in buybacks to artificially boost it…
It is all smoke and mirrors and sleight of hand…
Whenever, Wilson and Shapiro are forced to release the failed financial numbers, investors are forced to see this poorly run company for what it truly is…
How many customers have you shed this quester Wilson/Shapiro….that will be a joy to watch…
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My 401K is down for the first time in years not including 2020 so thanks TW
@nsw+1gnljDN0, you are correct and that drove the entire market down. However, Allstate was down substantially greater than the general market….That additional component was based solely on announced poor financials.
Part of the drop today was the Fed announcing it would raise interest rates 75 bps next month. Not all. But some.
Grab the popcorn
agents are fed up with leadership and the number of agents selling and leaving is unprecedented
Those greedy maggots lost the employees with experience through retirement or they forced them out by layoffs or working them to death….
Wilson and Shapiro got their short term lowering of the expense ratio….NOW the other shoe drops…they can deal with the increased severities and reserves in large part created by their revolving door staff being eaten alive by body shops and attorneys…..
Enjoy the show…