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So any new opinions of AIG after the latest?
http://money.cnn.com/2009/03/02/news/com.../index.htm
I don't know, it sounds like a) AIG can do no wrong in the govt eyes, and b) the govt is doing everything BUT nationalism AIG.
They keep lending AIG money, and now they are receiving basically common stock in exchange, obviously banking on the AIG stock price to fly up at some point.
Maybe I'm misinterpreting, but it seems like the risk of AIG getting taken over is very low.
Thoughts?
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grizzle Wrote:So any new opinions of AIG after the latest?
http://money.cnn.com/2009/03/02/news/com.../index.htm
I don't know, it sounds like a) AIG can do no wrong in the govt eyes, and b) the govt is doing everything BUT nationalism AIG.
They keep lending AIG money, and now they are receiving basically common stock in exchange, obviously banking on the AIG stock price to fly up at some point.
Maybe I'm misinterpreting, but it seems like the risk of AIG getting taken over is very low.
Thoughts?
4th quarter = 13 weeks = 91 days = 2184 hours = 131240 minutes
AIG is going to report $60 billion in 4th quarter loses.
AIG lost $457,177 a minute in the 4th quarter.
That's my thought.
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Its ok though cause we are going to give them another 40 billion.
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Griz, I would avoid companies like this that have basically failed. They're simply being propped up right now so that that don't take down all their counterparties with them. The 30 billion isn't really going to AIG so much as it's going to companies that dealt with AIG.
I would focus on finding companies that you know will be around in 10 years. Find companies that have a long term competitive advantage. There is no need to take a risk right now on AIG. There are plenty of great companies selling very cheaply right now. The key imo, is to average into these companies over the next few years. Sure, the market could go lower, maybe even 90% from the peak, but if you start averaging in you can protect yourself from that and be assured of long term rewards.
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Yes agree with Dusty. I hope my comment was taken in the sarcastic light it was meant for
.
Maul, the Bashing Shamie
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Vanraw Wrote:Yes agree with Dusty. I hope my comment was taken in the sarcastic light it was meant for :).
I took it that way, but Griz just called and said he put 80% of his net worth in AIG so you might need to apologize to him.
"Hamilton is really a Colossus to the anti republican party. Without numbers he is an host within himself. They have got themselves into a defile where they might be finished but too much security on the republican part will give time to his talents and indefatigableness to extricate them. We have had only middling performances to oppose to him. In truth when he comes forward there is nobody but yourself who can meet him. His adversaries having begun the attack he has the advantage of answering them and remains unanswered himself. For God's sake take up your pen and give a fundamental reply to Curtius and Camillas" - Thomas Jefferson to James Madison
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Vanraw Wrote:Yes agree with Dusty. I hope my comment was taken in the sarcastic light it was meant for .
And if it wasn't obvious from my comment. I'd rather invest in a submarine with screendoors than AIG.
"You cannot invade the mainland United States. There would be a rifle behind every blade of grass." - Admiral Isoroku Yamamoto
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Dustie Wrote:Vanraw Wrote:Yes agree with Dusty. I hope my comment was taken in the sarcastic light it was meant for .
I took it that way, but Griz just called and said he put 80% of his net worth in AIG so you might need to apologize to him.
I should have only put 80% in? Oops.
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And here I was thinking AIG was a good investment after I saw their logo on Man. U's jersey. How could Alex Ferguson and Rooney lead me wrong??
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