It could be tomorrow he or she resume the buying trend again.
To resolve that surprise, they need to isolate or spin off that LTC division as soon as possible. The day that they execute this LTC isolation, GNW will jump 5 points in one day.
But you forget one thing, it has a habit to announce unexpected super amount of money for the reserve for LTC.
Have you ever heard this statement. "When investing money in stock market, invest only money that you are willing to lose." So forget about settlement. You will not get it even you want it.
As a matter of fact, he might be right because if you look at this way, GNW came out and said there will be a reserve charge of $1Billion for their LTC. You see Cramer is right. He did not trust this management. For this stock, as long as LTC not isolated from GNW, I don't think you can see $14 again. Look to me this time is real and they are going to isolate or spin off that LTC; the management team knew that they have no chance to do any kind of business if they don't do that on LTC.
FYI: The little guy like me and you will never get a dime or a penny even we lost like $200,000 for this stock on that period. The lawyers and a big guys will eat all those settlement. I invested in this market for at least 20 years and I received a bund of letter regarding to class action like that and never heard of a dime or a check. I am not surprised at all.
Oh I am talking about a surprising reserve for LTC? Like $1Billion on last year that caused GNW crash. If any of this occur in the future after isolation, will GNW still be on hook?
will GNW be hooked to this huge reserve again? I think NOT right? If not, then who pay for that huge reserve?
But at least they will not be hooked to any future loss or gain from LTC right ?
.Any guess and no bs please.
doing a good job on separating LTC out. It is getting there and be patient.
These fukkkers still did not know that they stop writing life policy. GNW revenue was !.79B.
I am tired of going down after earning on every quarter. I hope this quarter is the beginning of profit quarter earning down the road regardless of what stock price because profit earning will speak for itself. To me as long as they made profit, then I am ok with it. I also wish they pump or hype alot on the earning number too.
As long as it went up after earning it is fine for me. I am sick of seeing down after earning and earning. If this earning causes only 5 cents or 10 cents, I am happy too and I am going to buy more to celebrate the first quarter profit after loss loss for awhile.