American International Group My most familiar timeworn in NYSE is American International groups stock AIG. I am interested in this company right later I saw the Charlie Rose show with interrogateing AIGs formers chief operating officer Hank Greenberg, who dour out millionaire from billionaire. By December 1st, 52Wk high was 62.30$ and grim was 1.25$, and at day closed at 1.65$. In 2007, AIG was the worlds biggest general agent by assets. Once Fortune 500s 13th company this instant remove from DJIA and stock monetary value set downed 93% in this year. From 2003 to 2008, AIGs comely stock price was well-nigh ~60$, however, from the beginning of 2008, AIGs stock started to decline, a middle credit crisis. Since mid of September, AIGs price neer go up from 5 dollar, constantly decreasing and like a shot averaging some ~1.60$ for last few weeks. Federal Reserve and treasury gave some(prenominal) bail-outs to insurer to save insurer giant from bankruptcy, however it di dnt help to raise companys stock price. politicss total dollar dedicated to AIG is now reached 152b dollar, and owning 79% of companys stock.
Former CEO Hank Greenberg mentioned in his interview that nationalization and huge loan wasnt obligatory at the first place, who is major shargonholder and familiar with within of AIG. instantly AIG is struggling to pay-off its debt to government by selling its assets in oversea. whizz thing that dragging this company stock down is that they are about to selling its pretty profitable businesses in Asia. In my opinion, AIG will not bankrupt as farseeing as there is insuranc e business, however, higher stock price and ! electropositive profit is unlikely in coming quarter or two. What we need to observe now is what they sell and how they sell.If you deprivation to define a full essay, order it on our website:
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