My most familiar stock in NYSE is American International groups stock AIG. I am interested in this company right after I saw the Charlie Rose show with interviewing AIGs formers CEO Hank Greenberg, who dour out millionaire from billionaire. By December 1st, 52Wk high was 62.30$ and low was 1.25$, and at day closed at 1.65$. In 2007, AIG was the worlds biggest insurer by assets. Once Fortune 500s 13th company immediately remove from DJIA and stock monetary value set downed 93% in this year. From 2003 to 2008, AIGs comely stock price was about ~60$, however, from the beginning of 2008, AIGs stock started to decline, amid credit crisis. Since mid of September, AIGs price neer go up from 5 dollar, constantly decreasing and like a shot averaging about ~1.60$ for last few weeks. Federal Reserve and treasury gave several bail-outs to insurer to save insurer giant from bankruptcy, however it didnt help to raise companys stock price. Governments total dollar dedicated to AIG is now reached 152b dollar, and owning 79% of companys stock.
Former CEO Hank Greenberg mentioned in his interview that nationalization and huge loan wasnt obligatory at the first place, who is major shareholder and familiar with within of AIG. Now AIG is struggling to pay-off its debt to government by selling its assets in oversea. One thing that dragging this company stock down is that they are about to selling its pretty profitable businesses in Asia. In my opinion, AIG will not bankrupt as farseeing as there is insurance business, however, higher stock price and positive profit is unlikely in coming quarter or two. What we need to observe now is what they sell and how they sell.If you deprivation to get a full essay, order it on our website: Orderessay
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