AIG? Good Time To Buy?

Jermyn Davidson · #1 10-11-2008, 09:09 PM

AIG's stock is at less than $2.50/share.

Government money is propping the company up so it will not (should not) fail.

The highest it has been this year is just under $69.00/share.

Would it be a good investment to buy now?

Seeking advice from folks who are knowledgeable about this kind of stuff and of course, I won't hold you liable if I follow your advice and it turns out you're mistaken.

Praxeas · #2 10-11-2008, 11:02 PM

Im not really knowledgable but if you expect the economy to stablize and the billions poored into AIG then it might be a good deal except that AIG just got an 80 Billion dollar loan so they are in dept lol...they better have a really good PE rating. But there are a lot of companies out there besides AIG that are down really low, even the oil companies have come down a lot

BTW I bought some shares of Qual Comm a year ago (not many) at 35$ a share...it went up to about 45 or so and with all the mess it has gone down to $38 a share...but that is still higher than what I bought it at.

Jermyn Davidson · #3 10-12-2008, 01:59 AM

Quote:

Originally Posted by Praxeas

Im not really knowledgable but if you expect the economy to stablize and the billions poored into AIG then it might be a good deal except that AIG just got an 80 Billion dollar loan so they are in dept lol...they better have a really good PE rating. But there are a lot of companies out there besides AIG that are down really low, even the oil companies have come down a lot

BTW I bought some shares of Qual Comm a year ago (not many) at 35$ a share...it went up to about 45 or so and with all the mess it has gone down to $38 a share...but that is still higher than what I bought it at.

Qual Comm may be a good buy for the long haul.

I was looking at Wachovia as well-- unsure if this bank will cease to exist or not, not sure what will happen to the stockholders either. But WOW, their stock had fell to 1 cent/share and now it's up to $5.00+!

That's huge! Even better is looking at what their high was for this year! The person who bought this stock at a penny was extremely wise!