by Structured Settlement Watchdog®
What is going on with JG Wentworth, the dominant purchaser of structured settlement payment rights from annuitants? JGW stock closed November 10, 2015 at $3.07,down over 24% in one day and about 38.6% in 5 days.
The latest plunge follows a one third drop in early August from about $9 to $6. JGW is now down almost 75% since its IPO in 2013. JGW is a good example to school novice investors about the risks of investing in stocks. To parody the JG Wentworth mantra…It's your money, you can lose it now!
For the past two months Google alerts about structured settlements have been unusually frequent about the stock of JG Wentworth. The Google alerts were either about insiders or major shareholders trading blocks of shares, or non mainstream analysts touting what has proved in the short term, to be tragically wrong forecasts about JG Wentworth stock (JGW).
Fresh from having missed out on the gouging Cedric Martez Thomas case in Florida and its $1.4 millions spread, acquired by JG Wentworth's competitor and fellow NASP member, Novation, JGW's most recent earnings report speaks of thinner margins on structured settlement purchases.