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Brynne · Guest

This stock has changed to $44.15. Is there any way I can find this answer.

Comprende · Guest

AIG is at an all time historic low and is ripe for a takeover. Think Fire Sale. Pennies on the dollar. Do not buy their stock or their insurance as they do not have the reserves to pay for claims. This will make ENRON look like small potatoes. The morale is too low to measure. Most people within the firm are looking for a job. Those who aren't don't know which way is up. The Right hand does not know what the left hand is doing. Sell AIG & cut your losses.

obama osama · Guest

obama will save the world and it's inhabitants from themselves. help me oh lord hussein.

Guest

HE'D BETTER SAVE THIS COMPANY

Guest · Guest

Comprende is obviously a broke day trader who knows nothing about which he speaks.

AIG insurance divisions are regulated by the states. The parent company can not raid the insurance divisions for cash. The insurance division of AIG has a larger policy holder surplus placed in more secure investments that its competitors.

wizard · Guest

Guest wrote:

Comprende is obviously a broke day trader who knows nothing about which he speaks.

AIG insurance divisions are regulated by the states. The parent company can not raid the insurance divisions for cash. The insurance division of AIG has a larger policy holder surplus placed in more secure investments that its competitors.

Thanks for making my mind brighter...lol
I have always thought that Comprende knew what he stated but now after reading your post, I think he is not right. Is there anything else to know about the company?

IMO the market hasn't bottomed yet, I think the worst is yet to come, so there is no point judging such companies like AIG. All the market is low, so the stock price is low as well.

wizard · Guest

From the financial side, American International Group has turned to be a real disaster for investors. Terrible!! The company is a way too much overvalued in the market. Look at the financials:

http://idea.sec.gov/Archives/edgar/data/5272/000095012308014821/y72212e10vq.htm

They think of themselves better than they deserve. Therefore, it's really hard to trust in them. I don't want to poke my nose in this business.

By the way, the MD&A section includes all the truth what is going on in the company. Can it be anything worse that going concern, except bankruptcy?

Consideration of AIG’s Ability to Continue as a Going Concern

In connection with the preparation of its third quarter Form 10-Q, management has assessed whether AIG has the ability to continue as a going concern. In making this assessment, AIG has considered:

• The liquidity events leading up to September 22, 2008;

• AIG’s liquidity-related actions and plans to stabilize its businesses and repay the facility (Fed Facility) created pursuant to the $85 billion credit agreement, dated September 22, 2008 (Fed Credit Agreement), between AIG and the Federal Reserve Bank of New York (NY Fed);

• The negative effects of the liquidity events on AIG’s businesses and AIG’s efforts to address such effects; and

• The substantial risks to which AIG is subject.

Each of these items is discussed in more detail below.

In considering these items, management has made significant judgments and estimates with respect to the potentially adverse financial and liquidity effects of AIG’s risks and uncertainties. Management has also assessed other items and risks arising in AIG’s businesses and made reasonable judgments and estimates with respect thereto. After consideration, management believes that it will have adequate liquidity to finance and operate AIG’s businesses and continue as a going concern for at least the next twelve months.

It is possible that the actual outcome of one or more of management’s plans could be materially different or that one or more of management’s significant judgments or estimates about the potential effects of the risks and uncertainties could be prove to be materially incorrect or that the principal transactions disclosed in Note 11 to the Consolidated Financial Statements (and as discussed below) do not result in completed transactions. If one or more of these possible outcomes were realized, AIG may not have sufficient cash to meet its obligations. If AIG needs funds in excess of amounts available from the sources described below, AIG would need to find additional financing and, if such additional financing were to be unavailable, there could be substantial doubt about AIG’s ability to continue as a going concern.

There is nothing more to add,except keep your money out of this company Exclamation

Guest · Guest

That's right. I am going to buy 1000 shares. If I lose,oh well but the potential down the road is better than a lot of those penny stocks. Hey,if you don't gamble a little in your life you never get anywhere. The odds are better in AIG then in Vegas. Very Happy

wizard · Guest

If the money isn't important to you at all, so keep going. I am not a gambler, and am not going to become one, so these things does not interest me. I just wanted to warn investors that this is a dangerous company.

Are you gambling very often? How much have you earned from that?

wizard · Guest

Have you read this? Do you think Bernanke is right this time?

Bernanke: Mad as Hell About AIG, But Bailouts Averting 'Disaster'

A day after the government unveiled AIG bailout no. 4, the insurance giant's failure was a major topic of conversation during Q&A after Ben Bernanke's testimony before the Senate Budget Committee.

"I share your concern, I share your anger," the Fed Chairman said in response to a question from Sen. Wyden (D-Oregon) about AIG.

Bernanke was particularly peeved that AIG "exploited a huge gap in regulatory oversight" to essentially operate a hedge fund on top of its core insurance business. As a result, he said an AIG failure would be a "disaster," affecting both the insurance industry and Wall Street firms that are counterparties on derivatives trades with AIG.

"It's a terrible situation, but we're not doing this to bail out AIG or their shareholders," Bernanke declared. "We're doing this to protect our financial system and to avoid a much more severe crisis in our global economy."

That may very well be true but Bernanke could not, or would not, say:

* Who, exactly, are AIG's counterparties?
* Why AIG debt holders are being treated as if they owned Treasuries, and not the debt of a (once) private firm that has all-but collapsed under the weight of its own greed and incompetence?
* How many more times the government will have to bailout AIG, or how much money will ultimately be spent, before this mess is resolved?

guest · Guest

wizard wrote:

If the money isn't important to you at all, so keep going. I am not a gambler, and am not going to become one, so these things does not interest me. I just wanted to warn investors that this is a dangerous company.

Are you gambling very often? How much have you earned from that?

Back when eBay was in it's infancy I made 32k when no one thought anything would come of them. I then took that money for my daughters education,and guess what,she is a PA with a salary of 100k plus. By the way I never got passed my second year in high school and have worked very hard and put all three of my daughters through college.All I am saying is now is the time to shoot for the stars if you have a little extra cash in your pocket. Don't use credit cards,live within your means and look long term.

taymere · Guest

buy their junior debt instead equity, i did it sells at 10 cents on the dollar right now, AFF and AVF. Get paid back b4 the taxpayer, they yield 60% dividend.

guest2 · Guest

guest wrote:

wizard wrote:

If the money isn't important to you at all, so keep going. I am not a gambler, and am not going to become one, so these things does not interest me. I just wanted to warn investors that this is a dangerous company.

Are you gambling very often? How much have you earned from that?

Back when eBay was in it's infancy I made 32k when no one thought anything would come of them. I then took that money for my daughters education,and guess what,she is a PA with a salary of 100k plus. By the way I never got passed my second year in high school and have worked very hard and put all three of my daughters through college.All I am saying is now is the time to shoot for the stars if you have a little extra cash in your pocket. Don't use credit cards,live within your means and look long term.

Good stuff, guest! I totally support what you said and have a lot of respect for a hardworking parent. My parents don't have good jobs but they worked their asses off to give me a better future. Now I'm working at Amazon as an engineer and I am working hard to repay my parents. Shooting at the stars might give them a bigger token of appreciation. Good luck to you and your daughters. All hardworking parents deserver some stars.