Look for more layoffs across the board as more people dump the stock and their costly auto and home insurance policies.
Leadership failure should be held accountable by the board of directors
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Hey, Gordon Gekko, the numbers I provided were "YTD" in early December.
Getting out my slide rule gives ... 11 months. That's not "short term". Fun fact: it's almost a whole year!
If we look at 5 years:
Allstate ~50% up
S&P500 ~107% up (fun fact, that's more than double)
Dow ~80% (80% > 50%)
...but yeah, keep "mansplaining" how the stock market works.
If you look at the price over 1 year, 2 year, or 5 year it is all higher. If you were in the financial industry you would know stock prices go up and down short term, but you want to look at the long term.
How much cutting services will bring rates in line with competitors - Tom Wilson is a demented soul and will never take allstate to the top
NASDAQ up about 15% YTD
S&P500 up about 25% YTD
Allstate up about 1.25% YTD
Icahn could have got better returns from a savings account
Any word what areas getting assessments 1st quarter?
most stocks tanked today
aLlStATe living rent free in OP's head
More jobs will be shipped overseas to cut expense ratio. Icahn will get this sinking ship ready for sale.
The same millionaire clowns at the top that messed up this company to its current sad state of affairs are the ones that will be wielding the hatchet for the 2022 layoffs. And zero accountability for them. People are made jobless by the poor decisions of these corporate hacks and they continue to hold power and continue making millions. It should almost be criminal. And already rumors of assessments in some areas 1st quarter of next year.