2 Earnings Reports of Note: AIG (AIG) and Priceline (PCLN)
Trader Mark (May 8th, 2008) Writes:
First, AIG - the huge insurer just blew a massive tire, announcing a $8 billion writeoff - and another capital raise, which again dilutes current shareholders and means earnings PER share is going to be punished for years to come. But really it's all good - whats $8 billion among friends - and it's all priced in (oops, not so much, down 8% after hours, but maybe by tomorrow morning after CNBC announces it's a good thing it will be up). What I want you to do now is close your eyes and imagine Uncle Ben B as a short order cook. He is now ringing that bell over his head and shouting over to the other minion cooks - "got a fresh order, let's get up some more billions of US pesos pronto, print 'er up!" More paper currency ...
Tags for this Post:
Aig, Closing Bell, Cnbc, Collateralized Debt Obligations, Common Stock, Credit Default Swaps, Current Market News, Earnings Per Share, Earnings Reports, Financial Institutions, Financial Position, Insurance Giant, Insurer, Minion, Mortgage Backed Securities, Paper Currency, Pcln, Priceline, Residential Mortgage Backed Securities, Short Order Cook, Stocks to Watch, Structured Investment Vehicles
Aig, Closing Bell, Cnbc, Collateralized Debt Obligations, Common Stock, Credit Default Swaps, Current Market News, Earnings Per Share, Earnings Reports, Financial Institutions, Financial Position, Insurance Giant, Insurer, Minion, Mortgage Backed Securities, Paper Currency, Pcln, Priceline, Residential Mortgage Backed Securities, Short Order Cook, Stocks to Watch, Structured Investment Vehicles


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