AIG did a reverse split today. Shareholders are getting crushed on this future/current government entitity. This has been a mess. It appears that the realization may have set in for many inestors that the sum of the parts does not equal the whole (and by whole, I mean our $180b).
This giant is being wound down. Anything that can be sold off is being sold off. Who knows what will be left or what it will be worth.
My bet is that AIG moves down to about $18 today. Keep in mind, that would have been a price of 90 cents yesterday.
