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Tim Travis
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Tim Travis is a veteran deep value investor and money manager. Travis has extensive experience in traditional investments such as stocks and bonds, in addition to having a unique methodology of combining options and distressed investing with value investing to generate income, reduce risk, and... More
My company:
T&T Capital Management
My blog:
T&T Capital Management Blog
My book:
Learn to Treat Your Portfolio as a Business
  • AIG Reports Very Strong Earnings 0 comments
    May 3, 2012 5:06 PM | about stocks: AIG

    American International Group, Inc (AIG) came out with exceptional earnings after the close today. The company earned $3.2 billion in the quarter and had operating income of $1.65 a share versus expectations of $1.13 per share. The company increased book value to $57.68 reflecting 69% upside from the current price. Recent sales of the Maiden Lane portfolios and AIA have dramatically bolstered liquidity providing the framework for a stock buyback of epic proportions. All of AIG's businesses were profitable highlighting the more disciplined underwriting strategy that the company has implemented.

    http://www.bloomberg.com/news/2012-05-03/aig-profit-rises-on-investment-gains-fewer-catastrophe-losses.html

    Disclosure: I am long AIG.

    Themes: Earngings Stocks: AIG
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