According to the charts, AIG used to be at $1,500 a share several years ago. However, they had a 1:20 stock split on July 1, 2009. Therefore, does the chart reflect this? That is, has AIG really dropped from $1,500 to $36, or did it effectively drop to $720 (20 x $36)?
When this thing split 1 for every 20 you held, Cramer and every credible analyst said this thing was a walking zombie, kept alive by some dude running the Benjy printing press at the Fed. Nothing has changed but for the fact that the Government will not, or cannot let this terrible company go under. That 1 for twenty also means that this dog had over 20 billion shares outstanding in 07. I see it as decent hold, but you have to know the stock market is rigged if this thing is still alive to be traded.
If this is the case, this means that today's price of $36.48 is approximately 2.4% of the all time high of $1,500 (36.48 divided by 1500). Today's market cap is $53.86 billion. Does this mean that the market cap was $2.214 trillion (53.86 b divided by 2.4%) when the share price was $1,500? This doesn't make any sense.
The reverse from $2 to 40 - 20:1, means that when it was let's say $75, mult by 20 to get $1500. That's why the chart looks like this. I'm not sure - maybe someone here knows - if there was any dilution after the reverse that the chart doesn't take into account. Also, since that time, many assets have been sold.
In any case, it is still far undervalued. I'm holding till $50..