Tuesday, September 22, 2009

AIG Shares: Still Not Worth Anything.

GAO

Frequent MarketBeat readers know we love pointing out that shares of a certain government-controlled insurance giant are likely worth little-to-pretty-much-squat.

Citigroup said it. Credit Suisse said it. S&P said it.

Of course, plenty of the people who are buying these shares don’t really care if the company has any value. They care about being able to sell them to someone willing to buy the stock for a higher price. And it seemed like they wereSource: MarketBeat RSS Feed

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