Wednesday, December 2, 2009
AIG
Global financial melt-d0wn contributor and poster-child for "too big to fail" AIG had a big day yesterday. More importantly though, look where AIG is compared to the March market low--up around 400%. Wonder what's going on there?
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3 comments:
I regret that I did not buy more than 500 shares back then.
I think some of it is purely speculative (as is I think the larger market performance) and some due to AIG's fire sale of assets.
It's also had a 1:20 split in that timeframe, reported negative earnings of something like $39/share. Over the past 3 months, it's off 20%.
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