We’ve booked a number of solid gains from American International Group’s (NYSE: AIG) rebirth recently. Earlier this year we recommended that investors take a page out of legendary investor John Templeton’s playbook and pick up the Price Wimps of the S&P 500.
Readers were rewarded just 10 days later with a 437% return on AIG.
Last month we highlighted AIG again because it’s stock price had become seriously depressed after it’s reverse split. In As AIG Sinks, Its Value Rises we suggested picking up some shares below $8.5.
Some investors could have turned that around in just three days for a 25% gain as AIG Gives Big Bonuses to Investors. But AIG wasn’t done.
With AIG’s jump this morning, investors could be sitting on their second 430%+ gain in five months. In fact, if you’d picked up AIG at under $8.5 a share, you’d be sitting on a gain of almost 550% right now. Not bad for a recession and bear market.
Who knows if this trend will continue, but it seems like every time the markets consider AIG out for the count, it resurges even stronger.
Symbols mentioned in this article: AIG.
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One Response to “Another 430%+ Gain in AIG”
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August 31st, 2009 at 1:39 pm
In your AIG article there is a miss print it says to buy AIG under 8.5. ????
Thank You
Carmine P. Verno
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