AIG shares ...worth a punt?

Gonzales · 18-06-2009 09:33AM #1

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?

Comordha · 19-06-2009 12:17PM

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.

Gonzales · 22-06-2009 01:30AM

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.

dblennon · 24-06-2009 03:26PM

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.

Gonzales · 29-06-2009 07:05AM

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?

AIG shares ...worth a punt?

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