by Structured Settlement Watchdog
The 800 lb gorilla has had a "gastric bypass". JG Wentworth stock (JGWE) has dropped almost 42.86% in 3 months | Down 59.8% in 1 year. The market cap is a little more than $6 million. The stock has been nothing short of an unmitigated disaster.
Stewie Stockdale's slides during the Q1 2017 conference call don't paint a rosy picture. For example:
EBITDA (An approximate measure of a company's operating cash flow based on data from the company's income statement).
Q1 2016 1.7MM
Q1 2017 0.9MM
In 2016 JG Wentworth was named in a shareholder suit. Read the JG Wentworth Fraud lawsuit Complaint in Walter F. Jones b The JG Wentworth Company and Stewart Stockdale SDNY 1:16 cv 10018JSR Download JGW Fraud Lawsuit filed by Walter Jones 12 2016