Ok obviously the company has hit a low point. But consider this: the shares closed today at 1.16 today. They will get back on their feet, eventually of course, am I right? Take this blurb from alpha-investing.com
AIG - American International Group Inc.
Currently, the tax-payers own about 80% of the financial giant AIG because of the bailout money they have received. AIG is expected to pay back this money once the CEO, Edward Liddy, gets operations under control. Once this happens, we think AIG will rise gradually and some what quickly, but also consistently. As we currently wrote this recommendation at $1.00 per share, we think within 3 years the company will have risen by at least $10 per share. As long as you can hold up against the short term fluctuations within the company, you will be happy you did in the next couple years.
Recommended: 03/31/09 - $1.00
1 Year Target Estimate: $5.53
Is this a foolish choice?
Best Answer - Chosen by Voters
You know how they say that should take off a band-aid quickly for less pain? Similarly, take your cash and burn it instead of investing in AIG.
100% 1 Vote
- Action Bar:
- 0 stars - mark this as Interesting!
- Comment (0)
- Save
There are currently no comments for this question.
* You must be logged into Answers to add comments. Sign in or Register.
Other Answers (2)
- I'd invest nothing more than 1% of your investable cash in this dog.
The long-term picture of AIG is to dismantle it and liquidate it.0% 0 Votes - When was the one year target estimate given? Before all the issues?
I would not touch this company with a ten foot pole. There is way too much going on with it. Just because it is being helped by the government, it does not mean it will stay afloat.
Hell, I even will be taking my car insurance off this puppy once it expires in a couple of months. That is how bad I feel about this company and its potential at the moment.
Way too speculative for me.
Good Luck!0% 0 Votes
Open Questions in Investing
Answers International
- Argentina
- Australia
- Brazil
- Canada
- China
- France
- Germany
- Hong Kong
- India
- Indonesia
- Italy
- Japan
- Malaysia
- Mexico
- New Zealand
- Philippines
- Quebec
- Singapore
- South Korea
- Spain
- Taiwan
- Thailand
- United Kingdom
- United States
- Vietnam
- en Español
Yahoo! does not evaluate or guarantee the accuracy of any Yahoo! Answers content. Click here for the Full Disclaimer.
Help us improve Yahoo! Answers. Send Feedback
Copyright © 2010 Yahoo! Inc. All Rights Reserved.