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Adam Jones

 
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AIG, BAC, BKCC, C, DD, FCX, GM, HIG, JPM, KMI, PNC, WFC
  • AIG Earnings Preview: Messy Report Ahead [View article]
    Rising rates will result in write-downs of assets (as they have to be marked-to-market) so that will result in non-cash charges they will take when they report. On the positive side, it will help the company earn more on their investment book (invested premiums) and result in higher insurance rates they can charge.

    Overall, it will certainly be a good thing as long as it happens in a controlled manner.
    Jul 28 06:36 PM | 2 Likes Like |Link to Comment
  • AIG Earnings Preview: Messy Report Ahead [View article]
    I think the quarter will be messy because there are going to be quite a few extraneous charges and credits on the income statement and the balance sheet will change meaningfully. As a result, it will take some work to back out all of that and get a good understanding of how the continuing business performed during the period.

    So messy terms of a lot of stuff happening that will obscure the real business.
    Jul 28 02:25 PM | 1 Like Like |Link to Comment
  • AIG Stock Vs. Warrant Returns Relative To Book Value - Part I [View article]
    Yes, I used a 3.5% growth in book value to be conservative. Also, if you use a more aggressive growth rate, like 7%, the returns on the warrants begins to look unbelievably high.
    Jan 7 06:26 PM | Likes Like |Link to Comment
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