AIG is halted as the Treasury announces an offering of $4.5B worth of its stock in the insurer....


AIG is halted as the Treasury announces an offering of $4.5B worth of its stock in the insurer. AIG indicates it intends to purchase up to $3B worth of the offered shares. (PR)
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Comments (8)
  • DeepValueLover
    , contributor
    Comments (11220) | Send Message
     
    AIG just keeps rocketing along, making all the right moves. Has been a great investment and will continue to be.
    3 Aug 2012, 02:31 PM Reply Like
  • turbopants
    , contributor
    Comments (3) | Send Message
     
    Buying $1 bills for 50 cents sounds like a good deal to me.
    3 Aug 2012, 02:40 PM Reply Like
  • Daniel oaklandpark
    , contributor
    Comments (289) | Send Message
     
    so what will AIG book value be after the purchase?
    3 Aug 2012, 03:00 PM Reply Like
  • Remyngton
    , contributor
    Comments (343) | Send Message
     
    $60/share bv
    3 Aug 2012, 04:12 PM Reply Like
  • untrusting investor
    , contributor
    Comments (9903) | Send Message
     
    Hmmmm. looks like the corporate bailout queens made out OK yet again. Taxpayers, not so well again.
    3 Aug 2012, 05:04 PM Reply Like
  • wil3714
    , contributor
    Comments (2335) | Send Message
     
    actually this one has been rocketing sideways like a heart-beat monitor but at least its not a flat-liner going long-and-longer!!
    3 Aug 2012, 08:12 PM Reply Like
  • Ed's perspective
    , contributor
    Comments (265) | Send Message
     
    wow.
    do you do even the slightest bit of analysis or do you just think comments regardless of their lack of accuracy are just so witty that others will not notice?

     

    for once, taxpayers have a PROFIT from a bailout...
    AND saved jobs.

     

    the stock is soooo flat . . . .
    up from 20 to 30 looks like a 50% gainer in less than a year to the rest of us.
    4 Aug 2012, 11:29 AM Reply Like
  • Whitehawk
    , contributor
    Comments (3121) | Send Message
     
    The Treasury still holds 55% of AIG, with a breakeven at $28.72. Yes, plenty of insiders and counterparties made out from the bailout, and we still don't yet have a full accounting of all the bad debt absorbed by the Fed. The alternative - liquidation of the company and a chance for investors to bid for the business units and assets - was never on the table.
    4 Aug 2012, 01:10 PM Reply Like
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