Opinion on  American International Group Inc. (AIG)     Sector: Financial  >  Industry: Insurance (Prop. & Casualty)
Enough cash in the till?

Citi seems to think not.   The stock has hit a 10-year low.  I like their strategy of closing noncore business and expanding overseas, but I still don't know if this is the end of the cash crunch for them.  I"m going to keep a sell rating on the stock until I think that it can't get any worse.  At that time, I might upgrade.  AIG is a still a great, world-class company, that might be a decent value pick down the road.  I'll take a serious look if it starts trading under book value. 

Major investors like Bill Miller and Eli Broad want him gone . 

The world's largest insurer lost more than $5 billion in the second quarter, as its credit default swaps portfolio and other investments lost value.