AI
Thursday, May 05, 2011 11:29:43 PM
AIG slips back into the red & AGQ dropped 23% today alone
AIG reported a first quarter loss Thursday, moving the insurer back into the red after the bailout recipient showed signs of life with a strong final quarter to close out 2010.
AIG reported a loss from continuing operations of $1.41 per share for the first three months of the year, compared to a profit of $2.16 per share over the same period a year ago.
For U.S. taxpayers, the loss is bad news. Here's why: The Treasury Department owns a 92% stake in AIG (AIG, Fortune 500), the result of a 2008 bailout of the too big to fail insurer.
http://money.cnn.com/2011/05/05/news/companies/aig/?section=money_latest
as of 5/5/11: ZSL May 2011 18.000 call 10 baggers from 0.6 to 6.6 in 4 days #msg-62656312
AIG reported a first quarter loss Thursday, moving the insurer back into the red after the bailout recipient showed signs of life with a strong final quarter to close out 2010.
AIG reported a loss from continuing operations of $1.41 per share for the first three months of the year, compared to a profit of $2.16 per share over the same period a year ago.
For U.S. taxpayers, the loss is bad news. Here's why: The Treasury Department owns a 92% stake in AIG (AIG, Fortune 500), the result of a 2008 bailout of the too big to fail insurer.
http://money.cnn.com/2011/05/05/news/companies/aig/?section=money_latest
as of 5/5/11: ZSL May 2011 18.000 call 10 baggers from 0.6 to 6.6 in 4 days #msg-62656312
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