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Shares of J.G. Wentworth Inc. (NYSE: JGW) were hit hard this past week - and reached a new 52-week-low on Friday - after rising interest rates caused the structured-settlements player to badly miss its second-quarter sales and profit targets.
Because this is a "special-situation" investment - J.G. Wentworth is a company in transition - we aren't surprised that the company's stock price has fallen. In fact, we said to expect volatile ride, and recommended that folks use a "split entry" strategy to build a position in the stock.
Candidly speaking, however, we were surprised by the depth of the decline.
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