by Structured Settlement Watchdog®
At 22 cents a share, JG Wentworth stock (JGWE) is close to its 52 week low of 20 cents. JG Wentworth, which also operates under the brands Peachtree Settlement Funding and Olive Branch Funding is best known for its often parodied, extremely obnoxious commercials.
A share of JG Wentworth stock could not even buy a phone call from a pay telephone booth after a night out 'wasting away in Margaritaville". But it could buy a stick of bubble gum. On October 26, 2016, Moody's downgraded JG Wentworth's corporate credit rating to Caa3.
For years JG Wentworth has dominated the secondary market for structured settlements. The company is as well known in industry circles for offering less than the best as their first offer to desperate annuitants who have fallen on hard times as their obnoxious ads. Sugarcoating this would not be effective so remember this adage…If you are dumb enough not to shop around like your mama told you, when seeking cash now for structured settlements, prepare to be financially screwed by companies like JG Wentworth.
Sorry Kids, JG Wentworth Can't Ride the Sea Horsey
On Friday November 18, 2016 JGWE touched on a new 52 week low of 18 cents before closing at 21 cents.
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