Do you think AIG stock price will come back.
After the 85Bln loan from the Fed, do you think AIG stock price will come back up, or drop off more into the penny stock catagory ?
thanks
Bill
Answers
MNSL answered 2 months ago …
I think it will go down further.
Read more from MNSL flag as abuse great answerBradOK answered one month ago …
Possibly, but I think a few things need to happen first:
1. No more loans - First off, I think this company needs to stop dipping into the Government's piggy bank. First $85 billion, then another $35 billion - when is it going to stop? Once they get their balance sheet in order I think a lot of investor confidence will be restored.
2. Market Needs Direction - I don't care what this market does on a day to day basis. Overall the trend is down and it's not going down smoothly. 1,000 point movements don't make people feel comfortable, especially when it comes to financial services stocks, so you're not going to see a tremendous amount of long term buyers come back to AIG until this market reverses course and stabilizes.
3. Change in management - And ultimately, what I think would do WONDERS for AIG's stock, is if we see an entirely new management team come into place. We see that and it'll give a breath of fresh air to AIG's shareholders and make prospective shareholders much more comfortable. After tapping their $85 billion loan, then going for a "getaway" in California is just poor managerial judgment and we're probably only seeing the tip of the iceberg.
What do the other TickerHound's think?
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