Rumor Mill: AIG to Announce Secondary Offering
posted on: May 12, 2008
| about stocks:
AIG
A great contact just pinged me saying there's a good chance American International Group (AIG) is going to announce a secondary and a convert tonight.
"...and all I know is I can buy as much stock as I want on the secondary. Never a good sign. Wouldn't shock me if they priced it below $39..."
So you know...
PS: Goldman Sachs downgraded the stock to Neutral from Buy this AM.
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