by Structured Settlement Watchdog
JG Wentworth is currently the subject of hundreds of grim reapers hovering in a macabre spectacle over the teetering giant whose value shrivels by the day. At 71 cents a share at time of writing, there
are even shades of medieval England where baying crowds would scream "off the their head", with one or more jealous competitors of the industry's pantomime villain, issuing a press release on Friday the 13th, poorly disguised as if it were from JG Wentworth itself when it was more likely a competitor wearing a hockey mask.
Would the death of JG Wentworth be a good thing or bad thing for the structured settlement secondary market and consumers?
- First of all, there would unfortunately be layoffs and need for sympathy for people possibly not being able to feed their families.
- One would expect that some laid off JG Wentworth or Peachtree employees would go to work for competitors, or attempt to open up their own shop. Such was the case when hundreds of Florida based Peachtree employees were dumped at the time of the JG Wentworth Peachtree merger. The most well known spawn from that bloodletting was Imperial Structured Settlements, later spun into DRB Capital.
- This would result in more competition, but do we really need more unregulated and unlicensed individuals running around as cash now pushers? What is needed is licensing and regulation of sales practices. The settlement purchasing industry's ability to self regulate is pathetic, at best.
- Local UPS stores may see a boom in mail box applications and virtual offices such a Regus.
- Godaddy, Enom, Name.com and others will benefit from a surge in anonymously registered internet domains, as "cash now zygotes", formerly of JG Wentworth, try to jump start the process of generating leads.
- Chopping off the head of a "King Cobra" makes the settlement purchasing industry no less venomous, when numerous "Fer de Lance" and "Black Mamba" slither along the consumer's footpath.
Ten Animals That Will Continue to Live After Their Heads Have Been Chopped Off
- Praying Mantis
- Snapping Turtles
Vultures however, are not on the list.