Since AIG has the initial distinction quarter, I begin to consider AIG could be a single of the most appropriate investment after recession. Am I right or wrong? why?
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Tagged as: good, Investment, long, term, thanks
{ 3 comments… read them below or add one }
I bought in at $17.33 and will hold it long term. The gov’t owns the majority of AIG and has already bailed it out, there is no real threat of it going bankrupt now.
I would say no.
The company remains functionally insolvent — fake quarterly profit or no.
That is, the company is a complete basket case without the continued largess of the US government and they owe the government so much money that it is difficult to see how AIG will ever emerge as a wholly independent for-profit entity without some significant common stockholder liquidation.
Big money (aka “the smart money”) has been fleeing AIG for months. It isn’t clear to who has been buying AIG recently but it has to be speculators….long term investment makes no sense to me based on the balance sheet (Just by itself, that should scare off anyone with common sense).
Everyone of these major basket case are turning profits with funny accounting now a days. Freddie Mac reported a profit on one time gains. Thus that means they sold half the farm or they issued more common shares & got someone to buy their bonds to get further into debt.
At one point I bought into AIG and saw the share fell to $0.30 and then rise to $2. I manage to sell it off at $2 to make a small profit and more importantly recoup my gambling’s which was what I did. This was all before the split ya.
Since then it has plummeted to depths unknown. Good luck if you are buying into AIG, Freddie Mac & all those stocks. I understand if you time it right there are huge monies to be made but I just don’t have to heart for it anymore.