Finally a company who knows what to do when your stock is on the brink of death.JC Flowers Mulling Buying Bad Debt From AIG- NY Post Sep 13, 2008 04:22:41 (ET)DOW JONES NEWSWIRES J.C. Flowers & Co. LLC is thinking about buying billions of dollars in bad debt from American International Group Inc. (AIG) as the embattled AIG seeks to dump its most toxic assets, the New York Post reported early Saturday, citing sources. Full story at: http://www.nypost.com/seven/09132008/business/flowers_eyes_aigs_bad_debt_128895.htm Click here to go to Dow Jones NewsPlus, a web front page of today's most important business and market news, analysis and commentary: http://www.djnewsplus.com/al?rnd=O2qJRdBU%2FFmdX3SmbBalyQ%3D%3D. You can use this link on the day this article is published and the following day. (END) Dow Jones NewswiresSeptember 13, 2008 04:22 ET (08:22 GMT)
what i want to know is sell at what xx cents on dollar? below 10 cents on dollar? anyone remember what was xx cents on dollar by MER last time?
I think MER was 22 cents. After watching longs on FNM, FRE, and LEH say the same types of nonsense, I'm going to be amused watching AIG tank as well.
i believe it was 22-26 cents on a dollar
If they sell below book, they will have to book a loss.Not good for the BS or the IS
maybe so, but it is a one time loss intstead of continuing losses. Market would see this a positive and return to more normal operations. Good for the stock price.
SHORTS R TOAST!!!!!!!
is AIG selling entire bad debt or what percentage of debt? what kind of bad debt on its portfolio? what other potential bad debt still on its portfolio that it needs to writedown or sell?
LEH all over again. Lets start the rumors of buyouts!! See you at $7 Monday.