In a world seemingly awash with massive business failures, AIG
Given all of this nastiness, is there any reason for investors to keep an eye on AIG?
Speculators would be quick to jump up and say that AIG has been a marvelous performer -- if you got in at the right time. Though the stock is currently down 95% from its 52-week high and around 97% off from its pre-crash levels, it has skyrocketed over 400% from its March lows of $0.33.
But I'd no sooner recommend chasing after AIG's stock than I'd suggest swimming in shark-infested waters wearing a bacon suit.
It's possible, though, that individual investors could benefit from AIG's distress. In an effort to pay back the government and try to get back on track, AIG has been working with Blackstone's
According to a report from Bloomberg, AIG may already be in talks with Morgan Stanley
AIA wouldn't be the first Asian life insurer available to investors -- China Life Insurance
So if AIA does hit the public markets, investors will need to make sure that they're getting a fair price. But if the price is right, this could be a great chance to pick up a gem out of AIG's rubble.
Further financial Foolishness:
Fool contributor Matt Koppenheffer owns shares of Blackstone but does not own shares of any of the other companies mentioned. You can check out what Matt is keeping an eye on by visiting his CAPS portfolio, or you can follow Matt on Twitter @KoppTheFool. The Fool’s disclosure policy has never once been caught with its pants down. Of course, it doesn't actually wear pants …