My word, your aliases are coming out in force again. The real test now for AIG is whether Mr Hancock can really run an insurance behemoth. Let's not forget he does not have an insurance background and is attempting to restructure a pretty successful business model (ex-Fin Products). If the combined ratios don't start improving and both buybacks and dividend augmented, my main concern is investors will start looking at banks as the better way to play the rates environment. For disclosure purposes, the profits I have made thus far on AIG have been put back to work at three US based banks. In summary, if Mr Hancock continues to tread water without making significant movement on capital returns, combined ratios and acquisitions I will continue to rotate out of my AIG position and into US banking stocks. Good luck to the average investors on here and don't forget to rebalance positions regulary.
Just downgraded. Although overhang is gone the price approached their PT. Their name is appropriate. Mor than 20% below bv. Guess the deutsche had yesterday's result already in his pt. Positive is aig can continue to buy stock well below bv and so can we.
You don't "get" bubbles. Everyone was at the party, dude. The same congressmen, who were expressing outrage over the collapse, were the ones I vividly remember complaining that the banks were being too stingy about loaning to minorities and the poor. Those were, in the end, the people who suffered most. The public was drunk too. They "knew, or should have known" they were pumping air into the bubble. Even Isaac Newton lost a fortune in a bubble. (lil' help? Was it Mississippi or the East India Company?) He was supposedly the smartest man alive and greatest scientist of all time? The corrupt "system" you're denouncing is called human nature. It's almost as powerful as the urge to be self-righteous and complain. Grow up.
ok, so you are out at 60.50...jumping this all around for some time and now worried that you have missed the train? Oh, get some pills and be easy , there are everyday new trains leaving the station... :)) byeeeeeeeee :D
typical, no solution, now suggestion,but only complains... just how Rod Stewart was singing..Some guys have all the luck, some guys have all the fame...Some guys do nothing but complain... ;-)
I'm convinced that Donald Sharp is bullish on AIG but he's trying to keep the stock cheap during the buyback period. Good guy DonaldSharp007.
Sentiment: Strong Buy
It should not have failed. Do you have any comprehension of what that would have done to you. Imagine going to the ATM and not being able to pull out cash. We were days away from that. Be very grateful the gov't did what it did and has continued to help. Long!
Sentiment: Strong Buy
Seriously folks, this board has been co-opted by the same firm. jon_48195; fbertial, investor7777, le54roid, geepersman3, whbog, momentumplay, kevinharrell86 and about 80% of the names posting here are from the same firm promoting the same #$%$ from their paymasters. For your own benefit, ignore my limited posts but please please please rely on other sources for your investment advice. These guys will make you bankrupt. Its a sad world they live in...
My oh my. If anyone other than you, and you department care to remember, I said this case was close and a split decision would seem this was a more than reasonable position. I cut my exposure in half prior to the verdict and was prepared to take that risk after over doubling my money beforehand. Should anyone other than your boiler room team care to read, your posts have the same aliases (Jon Nei etc) constantly putting down my posts at each venture, and thumbs down in equal measure. Check out my historical posts you DB. Nobody ever backs up my opinion or position. Proof that I am the only earnest person in this chain. Why else would you bring up my old post from MARCH 16th (laughable twits). Whomsoever may be reading this thread please please please do no give credence to the responders on this thread. Keep you pensions safe and remember no tax is payable in your 401k for getting in and out of this, and other stocks, at opportune times. Be warned, these guys want you to hold the bag for their paymasters...
Jon_48195 and Luthergillis and your other half dozen aliases crawling these boards. Its wonderful to be a back seat driver with 20/20 hindsight. This verdict was a close call and Judge Wheeler must have been at pains not to award damages. Prior to the 2008 crisis, AIG was remiss in entering a low exposure market they believed similar to their ERISA portfolio, for example. The financial products underwritten prior to that time exposed the firm to risk they could not quantify. Indeed, the firms that developed the products barely understood them. AIG's inexperience and ineptitude in this area exposed their shareholders to the more knowledgeable financial houses accepting the assurances they blindly gave and were duly punished. IMHO, as much as I dislike Lord Voldermort/Greenberg, Hank would never have exposed the firm to these products. Additionally, while the gvt acted beyond their powers, it was obvious there was no financial loss to shareholders from the bailout though the onerous interest rates charged was another story and may still prove the case, on appeal. If you and your co-horts recall, my only concern was for the average current shareholders with money in AIG and to ensure they adjusted their exposure based on their risk tolerance. As the verdict would indicate, this judgement was a close call warranting concern although you guys promoted a practically zero chance of an adverse judgement. While you were playing with house money, I am happy for the average Joe and their nest eggs. The AIG recovery story can now begin playing out in earnest!
What the gov. did was illegal but the shareholders loss was due to the way the company was run. The money kept it afloat or shareholder equity would have been zero. Come on imagine all the policies they wrote that would have been worthless.
I'm so bent out of shape that Greenberg is not able to extract money from the USG despite the fact that AIG's reckless actions were the reason for its takeover.
Yep, Donald "Not SO" Sharp farted all over this one. His attacks of people on the board were pointless as well as his rhetoric above. Good to see calmer heads prevail in this one.
Sentiment: Strong Buy
"Seems like this ~ $20B (currently) tax loss credit exception was allowed because someone at the FED was expecting a successful suit against AIG."
GREAT call - I have your tinfoil hat waiting for pickup. Let me know when and we can also talk about YOUR paymaster. He was probably disappointed today.
I will start converting to cash and to shares at least 12 month before expiration if the PPS is right because a 10% market correction in the last year could cost x- figure sums.
I have currently no idea how much I will convert depending on market conditions. Definitely not all - holding now 75% of my personal portfolio in AIG warrants and options is a pretty good idea to me but having my retirement money in one stock is probably not a good one.
Sentiment: Strong Buy
LIke banks/financials etc all his to get the banks to do dirty work of the FED to buy anything and everything to bring markets back for a recovery. This broke all laws period. Banks virtually got .25% money to speculate with . Savrs got virtually nothing . Banks had no risk in buying because they would get bailed out once again. This is whhy this whole system needs to crash and burn. At these highs all investors should be dumping [ everything period. Send a clear message to the FEderal REserve and government they cant get away with massive pyramid schemes and manipulation of markets period.
Thanks again, both. I'm not worried about tax issues. Most of my holding are in IRAs. I am worried about a process (like a machine) with too many moving parts. Something could go wrong. I hold warrants in 4 accounts with 2 brokers. Any miscommunication or failure to execute properly could cause months of headache.
Which brings up another question: Do you recommend converting on the expiration date? Or do you think it's wise to convert in the weeks ahead to give time to make sure it's done properly? Maybe even December 2020?
Thanks in advance. I'm starting a thread post with this so you don't have to dig to respond.
ortho, thank you for your input - just some clarification: we can do a real cashless exercises with BAC-WTA but not with AIG-WT (I checked both prospectus), however you can do it as described with your broker but I do not know the tax consequences.
But again, thank you very much :-)
Sentiment: Strong Buy