AIG is downgraded to Hold at Sterne Agee, which says the stock is now fairly valued. Shares are...

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Matt Blecker Comments (162)
 
Sterne Agee = short-term idiots.

Do people really pay for this advice?
22 Feb, 11:13 AM Reply Like

zorro2828 Comments (311)
 
honestly.. the CEO was on CNBC last night.. and if the fellow is honest, the door is shut on the past and they can concentrate on making shareholders money, building reserves and regaining integrity ! I bought this morning
22 Feb, 11:40 AM Reply Like

Waqas0345 Comment (1)
 
any advice i have bought it today @ 38.52 ..? getting low wat do i do now hold it or not ... ?
22 Feb, 11:53 AM Reply Like

Daniel Niño Comments (14)
 
Last quarter results:

"Book value per share, excluding accumulated other comprehensive income (AOCI), of $57.87, up 15.5 percent for the year"

At a current trading price of around $38, how AIG can possibly be fairly valued?
22 Feb, 11:58 AM Reply Like

JayXu Comments (206)
 
This son of XXXXX, just bought in AIG yesterday. Now what???
22 Feb, 12:19 PM Reply Like

zorro2828 Comments (311)
 
maybe he is a day-trader who has forgotten investing is for more than a minute!
22 Feb, 01:41 PM Reply Like

Daniel Niño Comments (14)
 
"Book value per share, excluding accumulated other comprehensive income (AOCI), of $57.87, up 15.5 percent for the year"

Currently trading at around $ 38 per share, how can possibly AIG be fairly valued?
22 Feb, 02:33 PM Reply Like

otterclub Comments (4)
 
Hold on, you guys will make money
22 Feb, 02:34 PM Reply Like

Fran56 Comments (5)
 
You know what they say about opinions :>)
22 Feb, 02:34 PM Reply Like

Ted Bear Comments (420)
 
i am not familiar with the balance sheet of AIG. However, i have looked at many of the large commercial banks. If you start to adjust the balance sheet for all of the crap they are hiding...bad mortgages, derivatives.....you rarely find one that has a book value more than zero.

So, do you own work to calculate book value. The accounting rules have been changed to ensure that anything 'bad' is ignored....but that doesn't mean it isn't still there, and unless we get another gubment bail out when these things collapse, it WILL matter in temrs of what someone (anyone?) is willing to pay to take them out of their misery.
22 Feb, 03:19 PM Reply Like

heliskiier Comments (714)
 
Sterne just wants you to sell so they can buy it up. You know for a fact that they are not advising their big private clients to sell when most every big hedge fund is buying like crazy. And, there will be a large share buyback soon that will increase the BV.

Never listen to this crap from a brokerage house. They are not there to help you. They are your competitor plain and simple.

Stupidest downgrade I ever saw.

Tad if you don't know a darn thing about AIG's balance sheet, you have no business making a comment about it. Read the 10K and you'll find everything you need to know. It all has to be disclosed. If you have the inclination to read it all, you'll find everything on their books. I always read 10K's before buying any position.
22 Feb, 05:33 PM Reply Like

ComputerBlue Comments (219)
 
To those of you above who bought recently: Hold and add on all big dips. I wouldn't be selling!
22 Feb, 08:55 PM Reply Like

heliskiier Comments (714)
 
I could be wrong, but I don't see any big dips, other than the occasional day when the dow crashes 150 and you get a dollar dip which is always a good add point, or when it hits resistance and falls maybe 2 points over a week. This isn't DDD folks. Volatility is shown as high, but it appears that most of this is intraday volatility after watching carefully from my initial buy point of 30.50. Smooth move to current level with a bit of a struggle to break out at 37.
23 Feb, 10:10 AM Reply Like