Exclusive Economy » Bernstein Reserach http://exclusiveeconomy.com Your Portal For Informal Analysis Fri, 25 Jun 2010 03:21:12 +0000 en hourly 1 http://wordpress.org/?v=3.0 AIG Crashes Again! A Day Traders Dream Stock/ Long Term Investors Nightmare http://exclusiveeconomy.com/2009/11/aig-crashes-again-day-traders-dream-stock-long-term-investors-nightmare/ http://exclusiveeconomy.com/2009/11/aig-crashes-again-day-traders-dream-stock-long-term-investors-nightmare/#comments Tue, 01 Dec 2009 04:19:47 +0000 EE Economist http://exclusiveeconomy.com/?p=217 aigAIG crashes nearly 15% to settle at $28.40 as a result of a report released by analyst Todd Bault of Bernstein Research. Todd Bault told investors that he downgraded AIG’s target price from $20 to $12 because of significantly deficient loss reserves. Bault foresees AIG’s loss reserves are short $11 billion, which translates close to $10 per share. Bault was also quoted saying that this was a “big surprise” with “significant implications.”

AIG has received $82 billion in taxpayer bailout funds. Therefore, one can classify this company as government owned. This wouldn’t be a stock I would recommend investing in for the long run. However, if you’re a day trader this would be a stock for you!

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