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re: Globe Life -53% Five Billion Dollars in value wiped out

Posted on 4/16/24 at 2:50 pm to
Posted by secfballfan
Member since Feb 2016
3004 posts
Posted on 4/16/24 at 2:50 pm to
Fuzzy Panda's track record is very good and GL already is under DOJ investigation. In addition the unit under fire has been horribly mismanaged for years with dozens of sexual assault charges hostile work etc. If that is true not a big leap to see them committing fraud. Look, being a short seller takes real guts and money because they are very often wrong and their potential for loss is literally infinite. I get it, you may be able to get away with a "wild" short story once, but to do it consistently is very hard. Having said this do not know if GL charges are real or not, and it looks like it will take time to sort out so stock not getting back over $100 anytime soon IMHO.
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