This once great company has been relegated to a complete LOSER. This morning it is confirmed that AIG will sell ANOTHER one of its GEMS, it's aircraft leasing business. Once regarded as something AIG would never consider selling has turned out to be 'just more words' from a decaying companying. AIG, the LOSER, was once around $2000 pps in 2001 and now $34.13 and will be down AGAIN today. This represents a decline in value of 'only' 98.29% off its highs. So much HYPE has been written about this LOSER and has attracted so many gullible, misinformed, small 'investors' (a term used very loosely here) to buy this LOSER only to see their wealth decimated. This once great company is now only a SHELL of itself. AIG IS A LOSER!!!!!!
Not sure what you're talking about. It's been known for years that the aircraft leasing business would be sold. The only question was whether there would be an IPO or not. I bought this stock in the 20s, so I'm pretty happy. No stocks go straight up. Over time, this is going to $60+. If you can't stomach a 50 cent drop, you should stay far away from the stock market. God knows what you'd do if this dropped $1 or $2, which can always happen.
BTW, the stock is down because the losses from Sandy were bigger than expected. That affects the stock for ONE quarter, but you know what? Premiums will go up FOREVER.