02-19-2009, 06:43 PM
grizzle Wrote:What are people's thoughts on AIG with it getting down to $0.60?
AIG is a total crapshoot with the odds stacked against the investor. It's selling off chunks of its business to repay the debt it owes, including the actual buildings. There are other, stronger, insurance companies that are poised to take over once the markets turn around, and to be honest I think one of these will end up purchasing what's left of AIG once things pick up.
The stock is $.60 a share for a reason. The purpose of investing for me is to get a return on some cash. Yeah i'll take a risk, but if I want to gamble i'll go to Vegas, and buying AIG is a straight-up gamble at this point.
You thinking of buying some Griz, and taking a gamble? Or are you just curious?
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