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- Shares of AIG (AIG) have surged 53% in the last week, but Barron's Andrew Bary warns the stock's spectacular gains can't erase the fact that the company's likely to face continuing troubles.
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This news story has 14 comments:
Part of a comment I wrote on the 27th. A lot depends on who is doing the buying. It will be difficult for individual investors to sit on such large gains. Everyone will polish up their thumbs down on this statement; but, the AIG weekly chart still has room at the top. Maybe 75 to 100 bucks. The weekly chart isn't as good. The Slow Sto is oversold and beginning to have a bearish crossover. The RSI is oversold and is mostly sideways but hasn't pointed down yet. But, the MACD is still in a Bulish divergence. In fact the divergence increased by a greater amount Thursday & Friday than it did the rest of the week. I'm thinking this turkey may not be dead. However, I have been wrong before;and, I'm prepared to say that word that leaves no doubt that I was wrong; "Sell".
On Aug 29 06:08 PM JohnC44 wrote:
> If you translate the 1 for 20 reverse stock split, the price of the
> stock is 20 times less than it is, which means it's about $2.50 a
> share. What's the concern? It's probably raised by people who have
> shorted the stock.
If nothing else, it will be interesting to see what happens.
Since US Government is a major shareholders, taxpayers will get their ROI with nice profits for years to come. Do not let a good crisis go to waste.
Kudo to new AIG CEO Robert Benmosche...Keep going..!! It is going to be a lifetime opportunity and achievement.
The bits that have come to light suggest that AIG was an utterly mismanaged and rotten organization (though that does not mean every employee is to blame), the behavior of which put the global financial system at risk. The US taxpayer has had to provide countless billions to support this, money that could have been spent on schools or healthcare or many other things that would benefit society.
"Step back and support new AIG"? WTF? The taxpayer is in nuts deep and would be stupid to blindly trust. There is something rotten at the core of the American style of business, which was exposed with Enron and nothing really changed. It has been exposed again with AIG and the country needs to make sure things change this time, blind trust has proven a failure.
I can think of plenty of reasons for the rise in the share price, but none of them are connected to any real value in the business. The greatest danger is for people to think that a quick surge in the stock price means that the issues have been fixed.
On Aug 30 04:45 AM Nettligent wrote:
> New AIG will emerge from ashes and grow beyond 2010 for many reasons.
> AIG is very complex structure and current stock price is dirt cheap.
> If our government is smart enough to let new management runs their
> own way. Stop telling AIG management what to do. Step back and support
> new AIG. They know how to turn company around.
> Since US Government is a major shareholders, taxpayers will get their
> ROI with nice profits for years to come. Do not let a good crisis
> go to waste.
> Kudo to new AIG CEO Robert Benmosche...Keep going..!! It is going
> to be a lifetime opportunity and achievement.
On Aug 29 07:36 PM Niner wrote:
> More AIG thoughts. If the powers that be were going to dump AIG,
> why didn't they do it in the last 5 minutes before the weekend?
> Why take the chance of holding a hot potato all weekend if you intend
> to dump it? It went up almost 1% after hours on a Friday night!
> But it still could drop 20-30 % pre market Monday morning. And do
> it all before my pre market opens at 8 am eastern.
>
> If nothing else, it will be interesting to see what happens.
There are a tremendous assests and hidden values in AIG. Let a proven AIG team to to the rest.
At the end of 2009, AIG has a fairly entrenched management team and has been through the fire before, coming out the other side much stronger and leaner.
New AIG management has to make a bold moves and difficult choices, right time has come.
As change happens and it happens every day you must adapt. It is a long road ahead. If not, AIG'll fail to thrive and you might die.
It is perfect time for you and new management roots out all devils at AIG at set strategy for future. Do not hestitate to make a bold moves and initiatives. The best thing for new AIG is just to take it on the chin and move forward.
2010 will start a new AIG. If there are anything you want to prepare for future..Now is the time.
On Aug 30 03:40 PM Nettligent wrote:
> US Government and Americans spent billion of dollars on a very mighty
> AIG at a very cheap price.
Even now, I do not expect a quick turn around. It took 8 years to bring America down to its knees. You can't produce a baby in one month by getting nine women pregnant.
America is in transformation and strengthen its position for future. New US Government and AIG management have his work cut out for them, and it may be an impossible task. It's a bold move for both the Fed and for AIG so far. Given how well management and government have navigated turbulent waters so far, it probably will.
For the best interests of America, support our government to turn AIG and our country around. If there is anything you can do to help, do it. By the end of 2010, both America and AIG are ready for domination and global growth again.
My heart today is bursting with gratitude.