by Structured Settlement Watchdog®
The recent 50% rise in the penny stock JG Wentworth of late ran out of steam this morning as JG Wentworth released its underwhelming Q$ 2015 with the stock getting hit for 24%.
JG Wentworth reported a $135.1 million unfavorable change, that was principally due to a $145.9 million decline in Structured Settlement's pre-tax income due to: (i) a $57.6 million decline in revenue and (ii) a $91.7 million non-cash impairment charge in the fourth quarter of 2015 to write-down goodwill and intangible assets related to a prior year acquisition to their respective fair values.
The most recognized company n the structured settlement secondary market has dipped below $1 twice in the past several months.
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