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This Quarter's Sentiment:
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SocialPicks Community
AIG- - Short the Rallies
AIG
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-12.20%
in
17 days
It isn't every day you get to shoot fish in a barrel but AIG is an obvious short in my opinion. I think the tell tell signs are their. I suspect they have a lot of hair in their portfolios and I don't just mean sub-prime. I think AIG has been an aggressive player in all sorts of complex securities and recently they made a move which baffled me. They raised equity capital and continued to pay their dividend! Why would they do that I wondered and the only thing I can come up with is this. Some investors buy securities for the income and they only hold securities that pay regular quarterl...
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Enough cash in the till?
AIG
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+50.63%
in
201 days
(closed on 08/30/08)
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.
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Enough cash in the till?
AIG
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+50.63%
in
201 days
(closed on 08/30/08)
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.
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AIG - $500bn of CDS exposure will further dent AIG's value
AIG
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+33.29%
in
86 days
AIG is heavily exposed to the U.S. residential mortgage market: - American General Finance, Inc. (AGF) originates principally first- lien mortgage loans and to a lesser extent second-lien mortgage loans to buyers and owners of residential housing;
- United Guaranty Corporation (UGC) provides first loss mortgage guaranty insurance for high loan-to-value first and second-lien residential mortgages;
- AIG insurance and financial services subsidiaries invest in mortgage- backed securities and collateralized debt obligations (CDOs) in wh
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AIG - $500bn of CDS exposure will further dent AIG's value
AIG
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+0.00%
in
2 hours
(closed on 06/12/08)
AIG is heavily exposed to the U.S. residential mortgage market: - American General Finance, Inc. (AGF) originates principally first- lien mortgage loans and to a lesser extent second-lien mortgage loans to buyers and owners of residential housing;
- United Guaranty Corporation (UGC) provides first loss mortgage guaranty insurance for high loan-to-value first and second-lien residential mortgages;
- AIG insurance and financial services subsidiaries invest in mortgage- backed securities and collateralized debt obligations (CDOs) in wh
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From the Blogosphere
Wally Weitz on Wealthtrack (video)
Weitz make a very rare TV appearance to talk about value investing. He covers Fannie (FNM), Freddie (FRE), AIG (AIG)
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Wally Weitz on Wealthtrack (video)
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Weitz make a very rare TV appearance to talk about value investing. He covers Fannie (FNM), Freddie (FRE), AIG (AIG)
<object width="425" height="344"><param name="movie" value="http://www.youtube.com/v/55BDw8C2ivY&hl=en&fs=1"></param><param name="allowFullScreen" value="true"></param><embed src="http://www.youtube.com/v/55BDw8C2ivY&hl=en&fs=1" type="application/x-shockwave-flash" allowfullscreen="true" width="425" height="344"></embed></object>
<script src="http://www.valueinvestingnews.com/sites/all/scripts/externalvote.js" type="text/javascript"></script>
Visit the ValuePlay...
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Wally Weitz on Wealthtrack (video)
Weitz make a very rare TV appearance to talk about value investing. He covers Fannie (FNM), Freddie (FRE), AIG (AIG)
<object width="425" height="344"><param name="movie" value="http://www.youtube.com/v/55BDw8C2ivY&hl=en&fs=1"></param><param name="allowFullScreen" value="true"></param><embed src="http://www.youtube.com/v/55BDw8C2ivY&hl=en&fs=1" type="application/x-shockwave-flash" allowfullscreen="true" width="425" height="344"></embed></object>
<script src="http://www.valueinvestingnews.com/sites/all/scripts/externalvote.js" type="text/javascript"></script>
Visit the ValuePlay...
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Before the bell: Further declines; MER downgraded, SNDK may be bought, BA, DELL, MO ,,,
Filed under: Before the bell, Analyst reports, Analyst upgrades and downgrades, Deals, Dell (DELL), Market matters, Advanced Micro Dev (AMD), Altria Group (MO), Boeing Co (BA), Ciena Corp (CIEN), Merrill Lynch (MER), Amer Intl Group (AIG), Abercrombie and Fitch (ANF), Economic data, Unilever ADR (UL), SanDisk Corp (SNDK)  U.S. stock futures are pointing to further declines following a rough session where the Dow plunged 344 points and ahead of the jobs report mostly feared to show weakness in the labor market. Non-farm payroll is expected to show a job loss of 75,000 but the unemployment rema...
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Closing Bell: Dow plunges amid grim economic news; AIG, CIEN, LM, TEX decline, WMT gains
Filed under: After the bell, Wal-Mart (WMT), Market matters, Ciena Corp (CIEN), Amer Intl Group (AIG) Today could be blamed on many issues. No ECB rate cut, oil confusion, weak economic data, and more. But this is looking like wholesale de-leveraging across the board amid new credit concerns and tightening standards. Want to see what a bubble popping in commodities looks like? The sad part is that there are very few spots to hide out in, which is perhaps more symptomatic of a bear market. Here are the unofficial closing bell levels:
DJIA 11,185.63 (-347.25)
S&P500 1236.76 (-38.22)
NASDAQ 2259.0...
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About American International Group Inc.
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