The last post about this topic was mostly ignored. Why is the market loving AIG when it appears to be a sinking ship?
Today's stock price is $56.32.
It is like the annoying posting person keeps saying, work, work, work to get the stock to $60. Well, we are almost there. Someone tell me why the street now love AIG?
I totally agree with Post ID: @10iQlOHK-4jnk. It's more hocus pocus to fool the board and stock holders. The board deserves to be deceived because they don't give a damn about the employees and they agreed on paying BD the highest pay in the industry. Shame on them. They deserve to lose their value just like the employees have lost their pensions and the way AIG used to contribute to their 401ks.
Simple math - you buy back stock, you reduce the number of shares in circulation. Just doing that will push up the stock price. It's not like they can show a consistent profit based on operations. More accounting hocus pocus.
The work/work/work guy is AIG's version of Michael Scott - if he/she does work there, I'm sure his job is to count the sheets of paper in the copy machine. Or he could be BD's gimp.
AIG stock price is all smoke and mirrors. They’ll probably announce a stock buyback with the quarterly results next week to keep the stock going up so BD can put a few more $$ in his wallet before retiring.
Work,work,work BD needs it to get to 65
Pump and dump or/and what if AIG will sell part of it very soon?