Stock spin-offs apparently can indeed occur in good times and bad. Now there is news that the ailing insurance company AIG is considering a spin off of its aircraft leasing business. Put this right after Lehman’s talking about packaging up a basket of questionable real estate mortgages and setting them off with some cash in a new company that they were going to lay in the laps of shareholders, and you’ve some interesting times for sure.

There’s no specific news exactly how either deal will actually happen, if they happen at all, but I sure looks to me as though there’s a good chance that there will be recipients who don’t want the stuff. Of course, the question is whether we do or not, under what conditions, at what price. Thank heaven for the SEC documents.

I found the news of this one buried inside an article about Bank of America and Merrill Lynch. You can read the whole article about the AIG aircraft unit spin-off here.

Tags: AIG, stock spin-off