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.
".. 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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