GL - 8-K issued this morning:
Item 8.01 Other Events.
In response to recent inquiries, Globe Life Inc. (“Globe Life” or the "Company") announces that it has received a preliminary, informal inquiry from the SEC's Fort Worth Regional Office requesting information related to recent short seller reports making allegations about the Company. Globe Life intends to fully cooperate with the SEC. At this time, the SEC has not notified the Company that it is conducting a formal investigation, asserted any claims against the Company, or indicated that it intends to do so. While no assurances can be made, at present management does not believe that it is reasonably possible or probable that this matter will result in a material loss.
I have seen lots of $1 stocks with strong earnings and solid balance sheets triple, quadruple and more, but I have yet to see one go below zero.
