It's too early to tell whether investors can cash in as the U.S. Treasury cashes out of its stake in AIG (AIG).
But both the government and shareholders can claim hearty returns for now. AIG's stock is up more than 40% since January, even after falling 1% Tuesday. And the U.S. government will earn a profit of $15.1 billion when it sells the bulk of its stake in AIG tonight.
StockTwits traders had a lot to say on the matter.
Shareholders will never know what a Lehman Brothers ($LEH) bailout might have looked like, but it looks like AIG has managed to get itself back on track.
AIG bought back some of its own shares, $5 billion worth. In normal times, when a major shareholder cashes out of a company, it's a bad sign. The U.S. government isn't exactly your average investor, and its exit means that AIG can begin to phase out of its prolonged adolescence.
Because of the ravenous demand from investors, the U.S. Treasury sold an extra 83 million shares, cutting its stake to 16%.
|Raspberry Pi's $5 computer sold out online in a day|
|Airlines saved $11 billion on fuel. You saved 8 bucks.|
|Donald Trump's denial challenged by reporter November 27|
|Gold price plummets to almost 6-year low|
|Oil: The cost to produce a barrel|