by Structured Settlement Watchdog®
Disastrous stats from JG Wentworth Company, the dominant purchaser of structured settlement payment rights, which closed at $1.16 today after touching a low of $1.09.
Sing it! (to the tune of Row, Row Row Your Boat)
There There Went Your Worth
JG Wentworth Stock
Foolishly investing in cash now
Your money is turning to schlock
Get your cash now they said to you
Buy JG Wentworth stock?
JGW Turned to poo, boo hoo
Flushed down the bloody loo
All the sh*t you've now got to hock
"Value investing" JGW style Less than 1/7th the value today that it was in August 2015
Q3 2015 Debt to Equity Ratio 56.84 (Source: Yahoo Finance]
Leverage ratio indicating the relative proportion of shareholders' equity and debt used to finance a company's assets. A low debt to equity ratio indicates lower risk, because debt holders have less claims on the company's assets. A debt to equity ratio of 5 means that debt holders have a 5 times more claim on assets than equity holders. JG Wentworth Company has 56.84 times more claim on assets than equity holders of JGW stock. At year end 2012 it was around 8 times.
JGW Q3 2015 Return on Equity -26.86%
JGW Q3 2015 Quarterly profits down 337.3%
Someone needs to investigate the financial analysts who painted rosy pictures of the stock in August 2015 and sucked people into a stock propped up with insider buying.