""While this would further dilute current common shareholders, we see it as perhaps the best course of action given the primary objective of maintaining ratings and right-sizing AIG's capital structure," the analyst, who has a "underperform" rating and a price target of $15 on AIG stock, added."
The people at Credit Suisse are lashing out. They shorted it at the 20/1 split at the price of $20. They want to cover. They will soon go out of business, because they have to cover at $100. It was Gallagher that advised them to short at that price. Now, he's desperate.