I just can't seem to understand the argument against AIG
Yes, it left a bad taste of people's mouths from the bailout. I get that. But outside of that, I just can't understand the argument against this stock. Anyone else feel the same way? Or care the explain their opposing viewpoint?
From the book value, to the P/E ratio, to the dividend, to the buyback, to the quarterly results, it all just screams "BUY!" to me.
Well if you are looking for illogical arguments you are certainly in the right place, Yahoo MB's Ref: the talking heads on CNBC, they can never be trusted to tell the truth because most of them are traders and it is just as likely they want to influence the stock price in one direction or another for their own trading scheme.
One a side note: BMO just wrote a story saying AIG's goals look achievable.
I hear it now and then.. guy on CNBC after great earnings call "THIS STOCK IS STILL 95% OF WHAT IT WAS.. YEAH THEY ARE DOING SOME GOOD THINGS BUT I WOULDN'T BUY IT!" I think that sentiment is still driving in wall street.