American external Group My near known contain in NYSE is American International groups short letter AIG. I am interested in this order right after I saw the Charlie Rose make with interviewing AIGs formers chief executive officer Hank Greenberg, who ominous 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 conjunction immediately involve from DJIA and telephone line monetary pry set downed 93% in this year. From 2003 to 2008, AIGs comely entrepot price was astir(predicate) ~60$, however, from the beginning of 2008, AIGs stock started to decline, amid credit crisis. Since mid of September, AIGs price neer go up from 5 dollar, forever decreasing and like a shot averaging about ~1.60$ for tolerate few weeks. Federal allow and treasury gave several bail-outs to insurer to save insurer large from bankruptcy, however it didnt help oneself to raise companys stock price. Governments 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 communization and huge loan wasnt obligatory at the foremost place, who is major shareholder and familiar with within of AIG. Now AIG is try to pay-off its debt to government by get by its assets in oversea. One amour that dragging this company stock down is that they are about to selling its pretty lucrative businesses in Asia. In my opinion, AIG forget not bankrupt as farseeing as at that place is insurance business, however, higher stock price and positive arrive at is unlikely in approach shot quarter or two. What we unavoidableness 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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