AIG rises as Treasury sells remaining stake in co.
2:30 PM ET, 12/11/2012 - Associated Press
NEW YORK -- Shares of American International Group Inc. climbed more than 4 percent on Tuesday as the Treasury Department announced that has sold all of its remaining shares of the insurance company.
THE SPARK: The Treasury said that it received $32.50 per share for its 234.2 million remaining shares, which represented a 16 percent ownership stake in AIG. With this sale, the Treasury said that the government has received $22.7 billion more than the $182 billion bailout it provided to support AIG during the height of the financial crisis.
My comment: AIG has a nice 1yr chart. Screw it; I bought some AIG this afternoon, as it could move higher w/o govt ownership. Perhaps, too, they will even announce a dividend in the near future. I haven't done this but it would be interesting to look at AIG vs. AGM with an eye to the quarterly "adjustments" to operational earnings (otherwise known as derivatives and other sheitz).
Focus Focus Focus Focus !!!!
