Skip navigation
MOST POPULAR RELATED TAGS
  • TOPICS
  • SECTORS
  • COMPANIES

MAD MONEY FEATURES

Podcasts PODCASTS
Watch the Lightning Round whenever and wherever you want.




Widget OFFICIAL MAD MONEY WIDGET
Grab this all-in-one application and get recaps of the show sent right to your desktop or blog.




Soundboard CRAMERS SOUNDBOARD
Admit it: You've always wanted to hit the "They
know nothing!" button. Here’s your chance.




Mad Money PhotosCHECK OUT OUR PHOTOS
Check out Cramer on set, back to school, behind the scenes and more.




ShopSHOP FOR MAD MERCHANDISE
Buy Cramer books, bobbleheads and other Mad Money merchandise.




Ringtones RING TONES
Pick up the phone! It's Cramer! New Mad Money sounds for your cell phone.




Mobile AlertTEXT MESSAGE ALERT
Mad Money's mobile. Get show highlights sent to your phone.







Text Size
Sep.22
8:36 PM ET
Tuesday, 22 Sep 2009
Cramer’s Advice to AIG

American International Group’s stock “has been powering higher and higher,” Cramer said, after investors shrugged off a Government Accountability Office report on the insurer’s ability, or lack thereof, to pay back the government. While the stock later declined on speculation of a secondary offering, Cramer urged the company to sell new shares anyway.

“AIG’s management needs to take advantage of the move that ended today while it still can,” Cramer said. “That way the company won’t have to fire sale meaningful divisions that could be worth much more if people believed AIG wasn’t in short-term trouble.”

AIG’s [AIG  Loading...      ()   ] share price is up because both former Chairman and CEO Maurice “Hank” Greenberg and present CEO Robert Benmosche, formerly of MetLife [MET  Loading...      ()   ], have been hyping the company. This has caused a “brutal short squeeze,” and Cramer recommended selling 20 million shares tomorrow to take advantage of it. Worst-case scenario, the squeeze is broken, but AIG still gets the money.

Or, Cramer said, “Maybe the government, meaning the taxpayer, has finally a shot at getting some of its money back.”

Call Cramer: 1-800-743-CNBC

Questions for Cramer?

Questions, comments, suggestions for the Mad Money website?

© 2009 CNBC, Inc. All Rights Reserved

Tools:
PrintEmailAdd This share icon
Next Post
  • digg share
ADD COMMENTS
Remaining characters


Current DateTime: 01:19:41 24 Nov 2009
LinksList Documentid: 29778428

Current DateTime: 01:01:05 24 Nov 2009
LinksList Documentid: 29779196

Current DateTime: 01:09:39 24 Nov 2009
LinksList Documentid: 29779199

Current DateTime: 01:01:05 24 Nov 2009
LinksList Documentid: 29779198
  Data is a real-time snapshot  *Data is delayed at least 15 minutes
Global Business and Financial News, Stock Quotes, and Market Data and Analysis

© 2009 CNBC, Inc.  All Rights Reserved.
A Division of NBC Universal
Thomson ReutersThomson Reuters