Monday, August 25, 2008

Why I Love To Hate AIG

I hated this stock at $70 so why would I like it today? Some might say because it is making multi-decade lows. It's a bargain. Hardly. Ben Graham wouldn't touch this stock. If it ain't good enough for the Intelligent Investor, I don't want anything to do with it. What we are seeing is AIG is now paying for its misdeeds. For piss poor management decisions. That is not a reason to buy a stock making new lows. That is a reason companies go bankrupt.
posted by TimingLogic at 1:53 PM