American International Group, Inc. (NYSE:AIG)
A holding company which, through its subsidiaries, is engaged in a range of insurance and insurance-related activities in the United States and abroad. Its primary activities include General Insurance and Life Insurance & Retirement Services operations.
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Once a pon a time this was a good company. I think insurance is a good biz to be in, it's better than being a policy holder trying to colect on a claim, better have a good lawyer.
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Extremely undervalued, trading about half of their BOOK value. They made some terrible investments in the past, but they are still one of the largest insurance operations in the world. They also have operations internationally that should continue to grow in the coming years.
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http://www.marketwatch.com/story/dont-get-mad-at-wall-street-get-even-2011-12-06
S&P 4 stars, M* 4 stars
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it can not get any worse
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more losses coming
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.5 of book value
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The federal government: "too cheap to sell"
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People want themselves insured! But wow, didnt know it used to trade at 1000+ USD. Wwwwwow, what happaned?
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We are coming back.
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it's so low now, what else could it do?
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Still has a solid insurance business, once they make a full recovery from the bailout they will be rewarded
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I believe in Berkowitz.
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Look at Book Value!!!
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hate this stock. Lost my shirt in it 3 yrs ago. Dont see it going anywhere but sideways or down, and even gapping down every time theres bad political/economical news.
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insurance rates up
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contrarian play (hey, it's only CAPS $$$)
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balance sheet improvement and beaten to a pulp. Low risk at this point. A lot of upside after financials finish being the whipping boy of wall street
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AIG is finally starting to turn it around - at worst they should correct upwards after the fear of default
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Follolwing BB
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