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American International Group, Inc. Message Board

  • d_fens_usa d_fens_usa Apr 3, 2005 12:17 AM Flag

    Sell now, cry later

    Remember, it is when great stocks look bad that you should buy... not sell. The same thing happened decades ago when GEICO dropped significantly. Many panicked and sold. Some, like the great Warren Buffett snatched up shares which quickly went from $7 a share to $70 in less than 5 years. GEICO is now Buffett's largest holding and is completely owned by his Berkshire Hathaway. I can see AIG share price at $150 easily within the next 5 years.

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    • "Remember, it is when great stocks look bad that you should buy... not sell. The same thing happened decades ago when GEICO dropped significantly. Many panicked and sold. Some, like the great Warren Buffett snatched up shares which quickly went from $7 a share to $70 in less than 5 years"

      ...Good idea, I'll wait until AIG hits $7 a share and buy, buy, buy...

    • d fens usa what are you talking about? AIG did not command that lofty valuation even with cooked books. Now they are slashing (round one?)as much as 1.77 BILLION off the company books. I know the best buys are made when a company looks the ugliest but I also know the one about catching a falling knife. Personally, I will wait for clear evidence of a turnaround not just a bounce. I would rather miss the first few points of a move than to get sucked in on an oversold bounce just to get thrashed a few days later. If you are really sure about 150 per share or even 100 you can lock in a double or even a triple so put your money where your keyboard is and load the boat.

    • Please go read Marty Whitman's book "Value Investing." It is ridiculous to compare a retail, non-control, individual investor with Warren Buffett, one of the quintessential "control investors." Buffett can get access to information about his investment candidates that no retail investor can hope to get.

    • AIG isn't GEICO, and this accounting fraud and destruction of documents goes much deeper. This isn't the same thing. It is never the same thing. This has been 30 years of fraud, it may get very ugly for alot of people, and other companies.

 
AIG
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