ummm you could have been at zero as without the bailout it would have gone away...the reverse split was just to get at a tradable price. Splits do not impact value. So yes, this company is worth much less than at its heights...but it is not zero, which very well could have been!
They are- up to 25% of the volume. While it's nice to think they're picking up cheap shares, this weakness over the past couple weeks is unsettling. Today should have given us a nice rebound. We're down even more instead. With insiders buying, it's hard to imagine a negative surprise on the 11th, but we're certainly trading like there are whispers of bad news. CS seems to have spooked the market. Headlines of Berkowitz cutting his AIG stake don't help, even though on a percent basis he's actually increased his exposure. Time will tell.
did you just woke up?that was done 4yr ago,BY US GOVERNMENT WHILE THEY HAD CONTROL OF AIG,THAT IS THE LAWSUIT FILED BY FORMER CEO M GREENBERG.NOW WAITING FOR JUDGES FINAL WORD.
Don't forget...... everyone else got paid back.but. not the loyal ones.retireee who counted on aig.....all the mony they are making. Nothing was giving back to the loyal investor except we took your mony ...hahaha
I believe that investors like myself have been betrayed by aig.
aig abandon the old trusted investors by that reverse split. in so doing the new investors made mony in buying the stock when the old investors were losing mony in that reverse 20 to 1 I know I did....no incentives for the share holder.. this is were trust is lost. give me ,my shares back.
Agree, once earnings are reported and they increase the div, in an rate rising environment, div is what you buy, it's what you do......So, AIG got a few hundred shs today and will be adding....buy anything under 54 and you can mortage the house to do it....this is a gift at 52. BACK UP THE TRUCK.......all we need is another nice earnings report and AIG will get the respect it deserves....on to 60
Sentiment: Strong Buy
agreed and when you take into account the government sold 92% of the shares back after that deal was made it would open a lawsuit from all that purchased those shares - they will never open that can of worms -
Technically, yes.There is a remote possibility current AIG shareholders could be on the hook. I'll stress the word remote. I know some people take offense at the mere suggestion, but the law is the law. This is not about justice or even common sense. The good news is that the government has never made a corporation pony up a settlement under these circumstances. Even if AIG is in the unlikely position of being legally responsible for a (probably reduced) settlement, it's even less likely they'd have to pay it. It would be an outrage as far as I'm concerned.
I agree, looks like a great stock, cannot figure out why the stock has difficulty gaining any real momentum. I expected to be at or around $60 by now. Could the bailout agreement with the goverment, be responsible, since AIG could be on the hook if goverment looses lawsuit with Greenburg?
Check the low price on the 5th (54.73), check the high price on the 8th (54.67). Wasn't then, isn't now.
I'm only somewhat familiar with other insurance companies. I do know AIG is about the cheapest and that ROE is low but slowly rising. The stock buybacks are adding $1-1.5 per year to earnings (booked value, anyway). Every dollar spent on buybacks is adding 40 cents per share equity to the remaining shares. What's often overlooked is the franchise/brand value of AIG. That's hard to price and doesn't show up on the balance sheet (except as goodwill after acquisitions). Buffett considers brand value to be among his top considerations (Coke, Gillette...). While we frequently talk about book value here, few people mention AIG's global footprint and recovering reputation. Sci-fi will just make that brand stronger. It might take several years for that value to translate into earnings. But if they play their cards right, we'll someday be trading at a premium, not discount, to book value.
When CS cannot buy a stock, it probably will issue a report to lower the price for buying. AIG has a very profitable margin. I expect that dividend increase and stock buyback are the catalysts.
AIG is a steady winner on hand. Analysts accuracy is 50% wiht 1 week to 1 month view. AIG is so much under valued that it has recovered and start earning a lot of money without virtually any tax. It is the best insurance stock. I rank it a bit higher than Prudential which is the second best with forward 9.x P/E with high quality assets with increasing ROE. .
Interesting & relevant. Let's hope they didn't get some tip off about earnings. AIG has smashed the consensus so often, we might be taking that for granted.