Waiting for good news? Are you kidding? It ain't going to come. Even if they adjust their annuity pricing as they say, way after being totally blindsided by the market, that will mean lower returns for the company. Even if they sell heaps more annuities from here on in, they are getting less, hence a year or two out there is still no light in sight in terms of earnings. This is a dog of the highest order, led by a management team who have been sitting back smoking their pipes, collecting their massive salaries, while Rome burns around them. Oh, we better react now after the damage is done, they say in the press release (written by hugely paid PR people who are fantastic at cutting and pasting) Please.
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