Opinion on American International Group Inc. (AIG) Sector: Financial > Industry: Insurance (Prop. & Casualty)
Dead money until financed

May 09, 2008 04:01 PM UTC

utopius

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+13.57%	MED

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This pick is about: AIG

Rating:	$40.75 (05/09/08)
Closed:	07/11/2008 @ $22.15 (+45.64% in 63 days)
Target:	$38.00 (-6.75%) in Three months

AIG is screwing up big time. They need to raise money in the near future via stock offering, and this means forget about investing in the company's shares until the deal gets done-- IF it gets done. By the time AIG gets around to closing the deal, cash may have dried up for "saving big financial institutions" plays. How long til the world runs out of cash saving big mistakes?