With already known horrible second quarter numbers worse than first quarter. And with the leaking of information for certain upcoming Transformative Growth actions taking place in October a lot of decisions to be made at the top, including what to do with Wilson and Rizzo who have again failed this company. Dominos start falling after 8/2.
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what's facademania?
That infoarmor acquisition was a total bust poor workers don't know what's coming. Facademania is high there I assume
The are selling the ID theft insurance to offset their lack of skill in SELLING CASUALTY INSURANCE. ALL of the profitable quarters since TG have been from slashing costs (buildings, utilities, security, insurance, office supplies and finally highly paid labor with pension manip Dec 2022. The company spends more time on wokeness now then risk management. When will the shareholders wake up?!? These institutional investors should come poll the front line employees: not just buy into self-reporting from clearly incompetent leadership. The Board needs to clean sweep this horrible experiment and all its adovcates and replace them will an exec team that nows how to sell insurance! Start by focusing solely on that.
Offshoring, Transformative Growth, Stock Buyback Manipulation, Acquisition of Junk Products, Usage of Foreign Vendors.....all have failed. This company is doing everything but what needs to be done....letting go those who have applied and endorsed all of the above failed initiatives. Until that is done each quarter will get worse and worse until we finally spiral into the abyss. Which I think is quite close.
I'm assuming that, if they do sell off the ID protection arm (or any of Tom's other ill conceived acquisitions) it will be at a loss.
First because Allstate inevitably overpays, but more importantly because coming under the "Good Hands" umbrella never improves a company.
Nothing is happening
Heard they are selling there identity protection arm to streamline the business