Seeking Alpha

Tower Group: "Substantial doubt" about going conern

  • "There is substantial doubt about the company's ability to continue as a going concern," says Tower Group International (TWGP) as it announces a restatement of its 2011 and 2012 annual financials.
  • "Management has concluded ... that material weaknesses exist in internal control over financial reporting related to the company's loss reserving and premiums receivable reconciliation processes."
  • Press release.
Comments (4)
  • Mike Maher
    , contributor
    Comments (2710) | Send Message
     
    Wow, bad news
    15 Nov 2013, 08:28 AM Reply Like
  • phands
    , contributor
    Comment (1) | Send Message
     
    Yesterday's news. many buying the bad news.
    15 Nov 2013, 09:24 AM Reply Like
  • Mike Maher
    , contributor
    Comments (2710) | Send Message
     
    I was short from the 5's to down here, covered, now just hoping it goes back to 5 so I can get short again.
    15 Nov 2013, 09:29 AM Reply Like
  • monkey see
    , contributor
    Comments (622) | Send Message
     
    Going, going gone.
    15 Nov 2013, 10:34 AM Reply Like
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