Financial News for American International Group, Incorporated (AIG)
| AIG | 2/9/2010 2:59PM | 52 Week Price Range | Market Capitalization | Dividend Yield | Recent Dividend |
|---|---|---|---|---|---|
| $23.16 | $6.60 — $55.90 | $3.0 Billion | n/a | $12.40 |
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American International Group, Incorporated is in the news. Find out how this impacts AIG trading on Ockham Research.
Right here in the high 40s. We read about how cash strapped this company is practically every single day. Now we've got a gao report gao report that pretty much, well, confirms it. The situation is pretty darn hopeless. But the report was dismissed and AIG stock has been powering higher and higher until the secondary chatter today, which I think maybe I started when I was buzzing around about it in the street.Com section, torpedoed the stock. I don't know what really drove it's been up endlessly. It doesn't matter, the stock is still up huge from where it started and AIG's management needs to take advantage of the move that ended today while it still can and sell a bunch of new shares. That way the company won't have to fire sale meaningful divisions that would be worth much more if people didn't believe AIG was in real trouble. AIG has a narrow window of and even though there was chatter today the government won't allow it, I don't care. It's the right thing to do. AIG has been what we call in the business an up stock, meaning it has been one way up since it touched -- since they did the split, the 20 for 1 reverse and that's because of endless unconfirmed rumors and just gossip gossip that something good is about to happen. Emanateing frankly from someone who should be made to, let's say, be quiet immediately. He's the man who sewed the seed for its destruction even though he created the company. He's the one who set up the rogue london office. He's the one who commanded the company to insure financial ones. I urge you to go back to the 2007 analyst meeting to see how long this company was doing stupid, stupid things like ensuring banks to allow them to get around european capital requirements. Greenberg somehow takes no responsibility whatsoever, is never called out on this, and shamelessly hypes the company as undervalued to every media outlet imaginable. This man is really off the reservation. The second reason AIG is running is the uncharacteristic hyping by its new ceo robert benmoshe who said a lot of rosy things before doing any homework. Ai sg a complicated company and you can't just wing its valuation. He said it would have no problem pay paising back its obligation to the federal government. Excuse me? He's a legit insurance guy out of metlife. He should know better. But the last guy out of allstate didn't seem to get it either. I'm not looking for someone to to the say look, this is the worst company in the world, it is just the dregs of the earth. I'm not asking a ceo to say
- American International Group, Incorporated's stock price has dropped by $22.31 since this commentary occurred.
- Please visit the Mad Money recap page for all the slices of the 17 stocks mentioned on just this one episode of the show.
- AIG was mentioned 4 times on this episode alone, so visit the Mad Money recap page for more information on other topics covered.
- Besides American International Group, Incorporated's mention on Mad Money it's also been discussed 996 times on various other business shows since then. You can also catch up on All financial news for American International Group, Incorporated.