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The U.S. Treasury says it has launched another public offering of its AIG common stock and that...

The U.S. Treasury says it has launched another public offering of its AIG common stock and that AIG has indicated it will purchase up to $2B in the offering. The size and price of the offering have not been determined. Treasury still owns ~1.25B AIG shares, or 70% of the insurer's common shares. AIG -3.2% AH.
Comments (3)
  • beachie
    , contributor
    Comments (29) | Send Message
     
    and there were no rumors??????
    4 May 2012, 05:12 PM Reply Like
  • santarelli21
    , contributor
    Comments (12) | Send Message
     
    Is that why AIG is down so much today and even more in the after hours even when it reported stellar earnings? you think its still going to go down in the short term? Ive got quite a few shares I bought at 34.30 and im worried about it for the short term right now. whats your thoughts on it?
    4 May 2012, 06:40 PM Reply Like
  • jeffreychood
    , contributor
    Comments (43) | Send Message
     
    Why would you worry in the short term (unless you were planning on flipping the stock in the next week or so). The only thing that really matters is AIG's business performance in the long run, not the short term volatility of Mr. Market. Actually, as an AIG investor who also has quite a few shares, and knowing that AIG will be buying back its own stock over the next year or two, I hope that the stock price LANGUISHES during that period, so AIG can buy the stock back at a cheaper price. This scenario is better for long term investors.
    5 May 2012, 02:56 AM Reply Like
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