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AIG shares ...worth a punt?

  • 18-06-2009 8:33am
    #1
    Gonzales
    Closed Accounts Posts: 314 ✭✭


    We all know about AIG share price dropping from $80 dollars to almost zero & the bailout but as the dust settles I feel this share may be worth a punt as it looks they are no longer in danger of going to the wall & they intend to float their Asian arm AIA in the 3rd or 4th quarter.

    what're your opinions please?


Comments

  • #2
    Comordha
    Closed Accounts Posts: 562 ✭✭✭Comordha


    I don't think there is any value here. If you do some research you will see that this is basically a zombie corporation after a quasi-nationalisation by the U.S taxpayer, who now has first priority to get any benefit from the future success of this company long before you or any other foreign investors make a cent from it. It has also sold off many of its profitable assets and has a disgraced and untrustworthy brand name.

    You are basing your possible buy on immaterial information.


  • #3
    Gonzales
    Closed Accounts Posts: 314 ✭✭Gonzales


    Comordha wrote: »
    I don't think there is any value here. If you do some research you will see that this is basically a zombie corporation after a quasi-nationalisation by the U.S taxpayer, who now has first priority to get any benefit from the future success of this company long before you or any other foreign investors make a cent from it. It has also sold off many of its profitable assets and has a disgraced and untrustworthy brand name.

    You are basing your possible buy on immaterial information.

    thanks for your thoughts, I'll re-look before I jump.


  • #4
    dblennon
    Closed Accounts Posts: 185 ✭✭dblennon


    yes have to agree also the company ios going to be broken up into tiny pieces and it will not be to the benifit of SH.


  • #5
    Gonzales
    Closed Accounts Posts: 314 ✭✭Gonzales


    I've heard that they intend to float their Asian branch AIA in 3rd or 4th quarter - I'd expect this to increase the value of AIG as a result of funds raised during the flotation, right?


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