Thread regarding Allstate Corp. layoffs

Allstate stock about to be toilet paper

Once investors hear the horrible 2Q numbers later today it becomes trash.

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| 1161 views | | 6 replies (last August 2, 2023) | Reply
Post ID: @OP+1nTi5Qkc

6 replies (most recent on top)

I just bought 100 shares its going to the moon!

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Post ID: @1lzr+1nTi5Qkc

Omg'erd our facility is close oh my what am I gonna do

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Post ID: @pmv+1nTi5Qkc

This stock is safe my manager told me so he also told me there will be no more layoffs and our jobs are 100% safe and told me not to listen to this website

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Post ID: @brz+1nTi5Qkc

I agree with another poster from a few days ago: tonight's reported results are already built into the stock price. They'll be bad, but I don't think that will surprise any of the big investors. The question on the stock price is where the reserve capital will come from the next time the frauds at the top need to manipulate the price through stock buybacks.

Also, wasn't InfoArmor 3 or 4 years ago? Definitely pre-pandemic.
Correct me if I'm wrong but they're largely a B2B play, right? They sell their "protection" as an HR benefit thru employers, right?

Milk and cookies guy was here touting how they "still have their clients from before the acquisition" - shouldn't they have a lot more than that by now (i.e. if everything Allstate touched didn't turn to cr-p - the "reverse Midas touch")

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Post ID: @zsr+1nTi5Qkc

But they bought a big asset infoarmor not too long ago!

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Post ID: @sjd+1nTi5Qkc

We are not growing. We are shrinking. As Allstate and other big companies send more jobs to the cheapest places in the world, the people of the USA are finding different ways to fight this trend from a grass roots level. Allstate again, is not able to see what is happening. They are only thinking of one thing: how can the executives make more millions. This never is a good strategy. If you don’t take care of your own, families and businesses alike fall apart. That’s what’s been going on here for a long time. Downward trends at Allstate. Changes are coming. 65 year old Wilson ripe for retirement

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Post ID: @wrx+1nTi5Qkc

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