Friday, July 24, 2009

buying aig stock

It is really tempting to buy aig stock now as, after the reversal stock split (20:1), it's priced at $12.27 which is equivalent to $0.61@ before the split. Insurance business is basically a good business and of rising trend (my POV only) as people are getting more and more risk averse especially after the SARS. And not to mention more and more diseases will come in future...think about the Swine Flu. The only thing is I don't know when and how much those losses from those CDS (or whatnut) have been realised already in the aig book so far.

Anyway, I am seriously looking at buying some. And even thinking of borrowing to fund the investment. Let's see.


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