Allstate continues to drop and is now closed under 93.00..
Are the investors finally losing confidence in Wilson and gang on the long term vision for the company???
4 replies (most recent on top)
There should be a vote of no confidence in TW. ALL has lost market share under his watch. Over a decade under his control and stupid business ideas have done nothing for the company.
He wants to be remembered as some sort of revolutionary titan of industry that revolutionized the insurance world. He will be remembered as the man that helped the second largest insurer become the fourth largest while taking home massive personal paychecks.
Which is exactly my point. The news on the layoffs is public so you would expect to see some type of bounce as poised to dropping....
Layoffs of thousands make investors super confident.
It is more likely dropping to a range where it should be when not being propped up by hundreds of millions of dollars in stock buy backs...