Insurance Question
What do you think of AIG?
down 41% this year, buy now or wait until they decide what to do with the CEO?
Asked by TeachMeMore in
Insurance
5 months ago
Answers
344 points
MajorPayne answered 5 months ago …
I think this entire sector still has a ways to fall. Just because it's down doesn't mean it's undervalued -- don't forget that.
Think about it this way, if a person's home (which is really worth $500,000) is on the market for $1.5 million one week, and then at $1 million the following week, it's still overvalued.
Financial services, especially ones embroiled in turmoil and scandal, shouldn't be touched right now in my opinion.
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