The Market Is Running From This Value Stock: Should You Buy It?
As a long-term investor, one of the hardest things to do is not let day-to-day or week-to-week fluctuations in stock prices affect your outlook and investing strategy. Particularly during earnings season, share prices can jump notably or sell off hard if quarterly results miss expectations.
Case in point, consider Allstate (NYSE: ALL). The company, which is best-known for selling car insurance, was punished by traders after it missed third-quarter earnings per share estimates by more than 50%. Following the release of that disappointing report on Nov. 3, the market promptly sent the insurer's share prices down by 10%.
Allstate did face higher insurance claims than expected during the quarter. Still, in my opinion, the sell-off was overdone.
Source Fool.com
