Nothing from them, this is not good. Try calling them no one picks up the phone, not good.
Your and idiot. "banks hired for 'reserving crisis'
They are in serious trouble if these reports are true. Management has said nothing, not good.
to save this company. 20 million plus shares.
Shares of Tower Group are down 14% after Insurance Insider, citing multiple sources, reported the company hired three banks to seek solutions for its "reserving crisis."
Tower Group (TWGP) Now Said to Hire BofA, Barclays to Explore Options - Insurance Insider
Tower Group (Nasdaq: TWGP) shares moved off of a multi-year low at $7.99 per share to intraday highs following market speculation that the insurance company might have tapped JPMorgan to advise on a sale.
The report comes from InsuranceInsider and no sources have been cited on the information. Given the precipitous drop in shares from over $20 to just about $8 following quarterly results and lack of public filings, investors and traders might have been looking for any positive information to jump on.
InsuranceInsider said that JPMorgan approached a number of “legacy and live markets” to gauge interest in the company.
Gains in the stock only take it to its highest levels since Tuesday, when it was above $9 per share.
Following the initial jump, some profit taking is going on and Tower Group is now up just 2.5 percent.
the more I read this more it looks like a bunch of bull sh.....t . TWGP is not for sale. Will try to get a hold of investor relations & see if they are able to share any light on this Rumor...
"Long term investor story" Either they get bought out or they go under, end of story.
If I were you I would sell or buy a lot of put protection on your shares.
If the Ceo was force to sell 1.3 million shares at $10 plus , but still has 2.9 million shares left, if he thought it was worth less then $10, don't you think he would of sold all of his shares? Maybe they are worth $10 plus. Just thinking out loud...
Not good longs. Sell this is going under $7. Look on the bright side, if they can't find a sucker to buy this pos of a company, it's going to 0....Glt
They have only $4.50 in cash. They will get around $7 for this company at best
I though you bought 20,000 shares yesterday at $8.20, so why are you starting all these false rumors?
That way you will have a huge wright off for the next 10 years.... Keep buying fools. They are going under. Every day for a year it has done what? That's right headed south, & you fools think now that you own the shares it won't drop more. unreal!
Sorry, but we must pay our layers this money do to the 1 million plus law suites that have been file in the last 2 weeks. Hope we survive...