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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's $5 Billion Contribution To U.S. Rescue Fund Repaid-Bloomberg 0 comments
    Jul 17, 2012 5:53 PM | about stocks: AIG

    American International Group (NYSE:AIG) continues to make solid progress as today they recouped their $5 billion investment in Maiden Lane III plus interest. This $5.6 billion receivable should enable the company to buy back stock at a huge discount to tangible book value. In addition AIG gets 1/3rd of the profits from the remaining assets in the investment vehicle. AIG is getting very little credit for its turnaround and obviously the Federal Government's large ownership stake is a primary reason, but I expect that issue to be resolved over the next year as AIG will likely buy much of the stake back.

    http://www.bloomberg.com/news/2012-07-16/aig-contribution-to-maiden-lane-iii-repaid-from-sales-fed-says.html?cmpid=yhoo

    Disclosure: I am long AIG.

    Stocks: AIG
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