The Allstate Corp (ALL)
The Company is engaged, principally in the United States, in the property-liability insurance, life insurance, retirement and investment product business. Its primary business is the sale of private passenger auto and homeowner's insurance.
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agency sales force costs too much and only old people still use them.
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The gecko is hurting these guys, people are opting for low cost insurance.
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Those who are hoping for a recovery will be disappointed. Sell early sell often
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Corrupt managers, team groomed and picked by Allstate CEO, Ed Liddy before he left for AIG to run it, yes, one of the largest INS..CO.'s in the world...Managed by the biggest crook, the AIG that was first to be bailedout, then they all went to Resort...That Ed Liddy. His winning ways of management are still at Allstate Ins. today. Balance sheets show cash from other companies owned by them, loaned to cover quarterly reports...never a bad day, that way. Experts at paying consulting companies...owned by family and board members. They just don't regulate them like they used to...Stockholders beware.
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Just rated the worst insurance company in America in an AAJ report. Consistantly denies claims and screws consumers on a daily basis. Expect profits to dwindle.
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Found this company under the insurance tag. Sell all property insurance and casualty stocks, or see your portfolio bcome a casualty! Warren Buffett is negative on the sector and that's good enough for me. Financial sector s--t has to work iits way through the whole goose.
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RECESTION AND HOME FORCLOSURES=LOSS FOR STOCK PRICES HERE
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Can't afford to pay Katrina and 9/11 claims
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ahead of its self

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