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The Allstate Corporation Message Board

  • eastcoastpost eastcoastpost Oct 19, 2006 9:33 AM Flag

    Let Me Get This Straight

    Let me get this straight: ALL beats on the top and bottom lines, boosts guidance for the year by 50 cents, announces a huge new buyback program -- and the stock tanks because investors and analysts were expecting even more?

    Similar things have happened to me again and again in the last year. Strong companies with low valuations post great results and give great guidance, but some idiot analysts/commentators/reporters decide to put a negative spin on positive news, and the stock goes down the drain. I don't know about anyone else, but I'm about fed up with this crap. Seriously considering throwing in the towel on this crazy game.

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    • Unless you were planning on selling today, relax. The stock is still just off its all time high. Overtime the valuation sorts itself out.

    • Unless you were planning on selling today, relax. The stock is still just off its all time high. Overtime the valuation sorts itself out.

    • "Seriously considering throwing in the towel on this crazy game."

      It is a crazy game..just learn how to play know All is an excellent stock and will climb over $70 in the next few months..the Players are counting on you throwing in the towel..just get away from your computer for a couple of days and the stock will right itself..too many positives to keep it from doing otherwise..good luck..


    • I am not worried about the downgrade or the downswing of the stock. It had a great run in a relative short period of time. This downgrade is shaking out the speculators who might of been in it thinking it was gonna get a pop. It should bottom out as soon as all the speculators in the stock are gone and ppl can build a position once again.

    • Take more shares on the cheap....look at the multiple on 07 eps and upward pressure of a 7% repurchase over 15 months...with a nice div to boot. Option expiration games are great!

    • Stock has had a 25-percent run in six months.

      The market is NOT punishing YOU. It's doing what the market does: It takes profit.

      This stock clearly needed a pause. This is it.

      • 1 Reply to MisterNumbersII
      • Sorry, but I can't agree with you that a move from the mid 50s to the low 60s is a big one for a company that's going to earn more than $7.50 a share this year. ALL is grossly undervalued by every valuation metric I understand. Yet it's downgraded today by an analyst who cites "valuation" as the reason. Huh?

        I had done fairly well trading up until last summer. But, as I said in my last message, I just don't understand what's going on in the market anymore. Maybe that means I shouldn't be in it anymore.

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