Sandy is manageable? Did you not get the memo FIFTEEN BILLION IN DAMAGES and Allstate is the leading policy holder of these damages. Who cares what your earnings we're last quarter, 4th quarter is going to be horrendous. Do you really think investors will be buying or holding when they see all this damage every single day on TV for months to come? Novice investors would know better.
Allstate insures more people in the Northeast than any other insurer. Who would want to buy or even hold a stock that is going to get crushed in the coming quarter? Plus, a 52 week high equals only one way to go... DOWN!