Allstate dropping big today when the market overall doing well…..
Tommy, better open that company vault and expend that dwindling capital and buy some shares back……so the handlers and blue bleeders on the board can point to any rise in the stock as proof that investors are with him…
The investors are looking at the results being driven by TG and are holding their nose….
I am sure that the ego of Tommy will lead him to double down on the efforts….After all, he IS the smartest guy in the room….😉
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Based on layoffs in NI and an all time record loss in Q2 of 2023, Allstate stock expected to be around $28/share by the end of August per Fox Business yesterday.
You love to see it....
Karma
Allstate stock closed down 13.2% on Friday from where it opened the week.
One can only really wish this company will go bankrupt! Someone flush the toilet so we can end this sh-t show.
The only winner unfortunately is Shapiro who engineered the mess that Allstate has become and was able to cash out his chips when the stock was significantly higher…
Hope he gets what he has coming. Liking dogs does not and never will never make up for all the harm he caused with this TG BS at multiple companies..
Feel sorry for the employee owners of the stock….but it is so wonderful to see the pack of wolves lose millions and the period of their failure after the arrogance that they have showed even leaving many employees with nothing as they kicked them to the curb with their severance shell game….
To see those arrogant smirks slapped off their face is gold..
From $141 in January 2023 to $101 as the week comes to a close. Incredibly incompetent leadership, and with ongoing severe underwriting losses, there is limited capital to financially engineer the stock price through stock buybacks. Of course, at $101, it's an attractive entry point as ultimately, some loss cost inflationary factors will moderate while they continue to increase prices by double-digits. Wilson leadership will not fix this---it's just math and actuarial science. We do have good pricing capabilities if senior leadership (and regulators) get out of their way. Beyond that, stop writing poor and under priced risks and clean up auto claim processes.
Beautiful to see. If it goes below 100 then does that mean the BOD will only give him say ... $10million compensation this year?
At what point do they realise the gig is up and they finally get rid of this charlatan
The stock would have already been well below 100 long ago had Allstate not pulled their shell game tactics with the stocks and funds. That is pretty much all dried up.
They treat their investors the same way they treat their customers. Shady and deceitful.
Tommy sneezes and the stock drops. The man is a useless washed up failure as is his underlings.
- 33 right now and still heading down.
I predict this stock will be down around 80.00 to open the day after the results for the quarter are released…
Today reminds me of that stock market scene at the end of the movie Trading Places…..SELL..SELL…SELL..😂😂😂😂😂
Let’s crack under 100 today…
Come in Tommy…you can do it…….
Just make another decision….
Allstate down big and Progressive up big today!!!!!
😀😀😀
Down another 2+ percent today……..
Where are the board of directors?????
Where are they hiding…They only show to get a paycheck and approve the unearned raises of the losing and incompetence of this senior leadership…
The blue ship is sinking! The caption needs to go down with the ship…..
Stock was down as Progressive's earnings report was poor. Hence impacted other insurance companies too
Allstate has nothing of value to sell anymore. Kind of like Sears. No one wanted any part of taking that mess on during its slow collapse.
You hate to see it!!
Nobody's going to buy Allstate.
It's just so much easier / cheaper to poach their (profitable) customers.
Also, one might expect them to start selling off some of their non-core businesses (e.g. Square Trade, Avail) but I'd be guessing they'd take a hit compared to what they overpaid (and it would be a hit to Tom's ego most of all)
This is fine
How low does the market cap need to get before some big player makes a takeover move???
Stock is down 26.1 percent from 52 week high as of this minute. Wonder what would happen to any other employee who made a 26.1 percent mistake in his/her duties.
I am certain that there would not be a performance bonus….like Tommy will be getting from this BOD…
When it drops below 100 which it will when the quarterly results are announced, if not before, I will be popping the cork on a bottle of champagne…..
Stock is down 27% in the last 2 years. High was 142 now 103. Really despicable bunch of Chicago thugs running this place into the ground. TG is not what they planned. The pandemic and working from home has changed the game boys. Life has changed. People don’t want these old fashioned auto products anymore or your warranty products on appliances “protection for customers”. So laughable! The folks are on to the bs here. Tom should retire to an island somewhere.
10 percent drop is big. Not 1.5 percent.
The second quarter results are going to sting and sting good…..