American international Group My more or less familiar well-worn in NYSE is American International groups profligate(a) AIG. I am interested in this conjunction right after I saw the Charlie Rose press out with interviewing AIGs formers chief operating officer Hank Greenberg, who pertinacious out millionaire from billionaire. By celestial latitude 1st, 52Wk high was 62.30$ and low was 1.25$, and at day closed at 1.65$. In 2007, AIG was the worlds biggest insurance underwriter by assets. Once Fortune 500s thirteenth connection immediately do away with from DJIA and stock(a) monetary appreciate set downed 93% in this year. From 2003 to 2008, AIGs comely stock price was or so ~60$, however, from the beginning of 2008, AIGs stock started to decline, amid credit crisis. Since mid of September, AIGs price neer go up from 5 dollar, ever decreasing and like a shot averaging about ~1.60$ for finish few weeks. Federal view as and treasury gave several bail-outs to insurer to save insurer jumbo from bankruptcy, however it didnt service to raise companys stock price. Governments total dollar use to AIG is now reached 152b dollar, and owning 79% of companys stock.
Former CEO Hank Greenberg mentioned in his interview that communization and huge loan wasnt obligatory at the prime(prenominal) place, who is major shareholder and familiar with within of AIG. Now AIG is essay to pay-off its debt to government by wander its assets in oversea. One issue that dragging this company stock down is that they are about to selling its pretty advantageous businesses in Asia. In my opinion, AIG leave behind not bankrupt as farseeing as there is insurance business, however, higher stock price and positive gather is unlikely in climax quarter or two. What we submit to observe now is what they sell and how they sell.If you deprivation to get a full essay, order it on our website:
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