Monday, May 12, 2008

RUMOUR MILL: American Intl Group (NYSE:AIG)

A great contact just pinged me saying there's a good chance American Intl Group (NYSE:AIG) is going to announce a secondary & a convert tonight.

".. and all I know is I can buy as much stock as I want on the secondary. Never a good sign. Wouldn't shock me if they priced it below $39.."

So you know..

PS: Goldman Sachs downgraded the stock to Neutral from Buy this AM.

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