Allstate: Getting Into The Danger Zone
ALLAallstate(ALL) Seeking Alpha·2024-08-20 00:29
Brett_Hondow In our last coverage of The Allstate Corporation (NYSE:ALL), we were unfazed by the losses the company was generating. We suggested that a more nuanced look at the valuation metrics put the stock in the attractive zone. Everyone saw the losses in Q2-2022 to Q4-2022, and yet, there was a miracle expected with over $9.00 in earnings per share. Wall Street always goes down the slope of hope and it takes time to price things out. That said, we think we can make a case here. That case is that AL ...