It isn't every day you get to shoot fish in a barrel but AIG is an obvious short in my opinion. I think the tell tell signs are their. I suspect they have a lot of hair in their portfolios and I don't just mean sub-prime. I think AIG has been an aggressive player in all sorts of complex securities and recently they made a move which baffled me. They raised equity capital and conti...
AIG is heavily exposed to the U.S. residential mortgage market: American General Finance, Inc. (AGF) originates principally first- lien mortgage loans and to a lesser extent second-lien mortgage loans to buyers and owners of residential housing; United Guaranty Corporation (UGC) provides first loss mortgage guaranty insurance for high loan-to-value fir...
AIG is heavily exposed to the U.S. residential mortgage market: American General Finance, Inc. (AGF) originates principally first- lien mortgage loans and to a lesser extent second-lien mortgage loans to buyers and owners of residential housing; United Guaranty Corporation (UGC) provides first loss mortgage guaranty insurance for high loan-to-value fir...
Citi seems to think not. The stock has hit a 10-year low. I like their strategy of closing noncore business and expanding overseas, but I still don't know if this is the end of the cash crunch for them. I"m going to keep a sell rating on the stock until I think that it can't get any worse. At that time, I might upgrade. AIG is a still a great, world-class comp...
I think it's time to pick some good insurance stocks. They will rebound. Every decade has it's financial lumps, so I don't expect any similar meltdowns for a long time. Buy some solid bank and insurance stocks for the long haul. In the meantime, get paid to wait with some good dividends.
Business and Management Review <o> </o> <o> </o> 1) Is the business simple and understandable? <o> </o> Insurance is a business that is very simple and understandable. Value investors are taught to love the insurance business because of its tremendous simplicity and its strengths. Insurance is wonderful because t...
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 savin...
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