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  • Why AIG's Stock Price Is Not Catching Up To Book Value [View article]
    That's why we are buying, and adding. Cheers.
    Aug 8, 2013. 04:56 PM | Likes Like |Link to Comment
  • Why AIG's Stock Price Is Not Catching Up To Book Value [View article]
    I am a big believer in the AIG warrants. They might not be risky for a long-term investor who intends to hold them for 5 years plus. However, returns are leveraged and investors pay a premium for the warrant: Strike price: $45, stock price $48 but warrant price $20.
    Aug 8, 2013. 05:23 AM | Likes Like |Link to Comment
  • Why AIG's Stock Price Is Not Catching Up To Book Value [View article]
    @JD
    Right. We used every major pullpack over the last 3 years to increase our holdings. Our warrant position alone sits at about 30% of portfolio value. And rising.
    Aug 7, 2013. 09:35 AM | Likes Like |Link to Comment
  • Why AIG's Stock Price Is Not Catching Up To Book Value [View article]
    @kevn
    The price target applies for the end of 2014. Even with a price appreciation of 60%, which could occur rather quickly, the market cap would just equal its book value. I do believe that the investments that AIG carries on its balance sheet will be worth more than that in a few years time. Plus, I believe the book value is waterproof, even big cats shouldn't affect book value growth much. The earnings multiple will also likely expand until 2014.
    Aug 7, 2013. 09:33 AM | Likes Like |Link to Comment
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