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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Let's see. Owe the government $84 BILLION. State a profit based on stabilizing assets (not an increase in value - we all know that is not happening soon). Seems like a no brainer to come back down to earth after the shorts cover.
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Due to better economic growth and better company management.
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Makes no sense why this stock should even break $10.00.... The company has shown nothing to prove its worthiness. I believe it is just speculation. We shall wait till Sept. 7th when it reports its earnings...
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Short squeeze driving this MASSIVE run up - 50% in one day? No-sir. It's sold off almost all lines of business and popping up 50% percent in one day sets it up perfectly ripe for a pullback.
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Because it is at so attractive price, that I could not but buy it and keep for at least a year?!;)
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Net worth is negative.
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I'm caving in...but honestly it will go up to 50-100bux again....
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AIG has hit bottom, shorts are leaving in droves. I foresee a strong short squeeze within the next week.
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I really do not see how this company is worth anything after it pays back the US, that is if it ever pays back the US.
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not gonna get any cheaper
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is it true that they insure the government retirement /pension funds ?(or something along those lines). And if this is true, is that why people keep saying the government wont let them fail?
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AIG will finally get behind the negative & start to generate revenue.
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AIG was backed by the Government because it is too big to fail and would have a drastic effect on the economy. Now that the Gov has billions invested in them, they have even more reason to prevent them from failing. As they say "the bigger they are the harder they fall", but this is one giant that will get back up.
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This company is a disaster...and the shareholders are even moreso for approving the reverse split.
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They literaly said that their equity is worthless, what else do you want to hear from a company about its' own stock...
Then again, this could dramatically change o/n with some more government intervention, but hey, why not?
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I suspect that there are some people going to quietly hold on to AIG and let it recover from all of the drama going on now. Whatever one might think about its business practices of the past, the core company that had the structure and reputation to pull off those schemes is still there. Given some time and a general recovery, even if it is moderate, I believe AIG is poised to take advantage and be a strong company.
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Stock splits > wrong alarm > Greenberg Logs Victory > Zero Equity ....don't you think there's giant aim to buy cheap stock behind ??? foreseen AIG might have bounce back like mar 09.....
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I would buy here and a bit lower also the hybrid AFF looks good at $7..
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Once they become a leaner company and focus on their core products, then AIG will then become more profitable. It will take about 10-20yrs for this lesson to be forgotten at that time I would sell.
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