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American International Group, Inc. (AIG) [hlAlert]

Rating:
Buy AIG
down 94.57 %

American International Group, Inc. (AIG) rated Buy

Posted on: Saturday,  Jan 12, 2008  11:33 AM ET by Barrons 12 Stocks for 2008

Barrons 12 Stocks for 2008 rated Buy American International Group, Inc. (NYSE: AIG) on 01/07/2008, when the stock price was
$1126.00. Since then, American International Group, Inc. has lost 94.57% as of 01/27/2016's recent price of $61.11.
If you would have followed this Barrons 12 Stocks for 2008's recommendation on AIG, you would have lost 94.57% of your investment in 2942 days.

American International Group, Inc. (AIG) is a holding company which, through its subsidiaries, is engaged in a range of insurance and insurance-related activities in the United States and abroad. AIG?s primary activities include both General Insurance and Life Insurance & Retirement Services operations. Other significant activities include Financial Services and Asset Management. The Company operates in four segments: General Insurance, Life Insurance & Retirement Services, Financial Services and Asset Management. Through these operating segments, AIG provides insurance, financial and investment products and services to both businesses and individuals in more than 130 countries and jurisdictions. In December 2008, AIG?s United States life insurance companies sold its residential mortgage-backed securities portfolio to Maiden Lane II LLC. On April 1, 2009, AIG completed the sale of AIG Life of Canada to BMO Financial Group, and Hartford Steam Boiler to the Munich Re Group.

What did badly in 2007 might do well in 2008, because valuations in many depressed sectors are at multiyear lows. Single-digit price/earnings ratios are common in the financial sector, and stocks in many industries are trading at or near book value, a level that often proves to be a floor beneath stock prices.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
1/7/2008 4:00 PM Buy
1 year
1,126.00
as of 12/24/2008
1 Week down  -9.87 %
1 Month up  5.03 %
3 Months up  6.56 %
1 YTD down  -96.68 %

(*) Stock Price at the time of the recommendation.
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