Get your sh-t together Allstate
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Looks like they did. Biggest blowout I have seen in all my years observing Allstate.
There were projections of $230 earlier this year. Allstate wil hit $225 - $230 just watch.
@af plan was to reduce real estate, human capital, expenses and increase profitable growth and stock. So…
As long as it gets me my package and a year's worth of pay I say sink baby sink!
You watch you’re tone junior!
Peak margins and lower interest rates (less investment income) seem like a headwind for future earnings per share. Allstate (-10%) and Progressive (-14%) stocks have declined rapidly over past 30 days. Add in what appears to be a fundamentally discontented workforce and the future looks challenging. Of course, it seems to always look that way over the past 10 years from the employee's perspective!