AIG Chairman: Offense ready to come on the field


“We were the most disrespected brand name on the planet and now we have come back,” says AIG Chairman Steve Miller, holding court in Davos. “We’ve built a company with tremendous momentum and we’re going back on offense.” Seated next to him during the interview is Goldman President Gary Cohn. "If you go back four years, Goldman Sachs probably wouldn’t even have been sitting with me."

If AIG is back enough for its chairman to proclaim it so while siting in Davos next to a Goldman boss, one could be forgiven for pondering whether the good news is priced into the stock.

Shares off 2.6% today, down 6.2% YTD.

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Comments (9)
  • wyostocks
    , contributor
    Comments (9114) | Send Message
     
    I hope there is a tape of this so that it can be run and rerun the next time they are crying for a bailout.
    24 Jan 2014, 03:25 PM Reply Like
  • BAHAMAS1
    , contributor
    Comments (5132) | Send Message
     
    The writers 2nd comment was questionable .
    Keep in mind as of today AIG is $19/share or 40% below its Book Value.

     

    Long AIG and Buying today.
    24 Jan 2014, 03:46 PM Reply Like
  • Ted Bear
    , contributor
    Comments (700) | Send Message
     
    Humility goes a long way in the financial business. "Being back" is the sure sign of a top.
    24 Jan 2014, 04:00 PM Reply Like
  • DeepValueLover
    , contributor
    Comments (11177) | Send Message
     
    For those who say AIG is in trouble and will soon ask for another bailout:

     

    Prove it.

     

    AIG is one of the seven most secure financial firms on earth at the moment and once again a major American blue chip investment.

     

    Strong Buy!
    24 Jan 2014, 04:16 PM Reply Like
  • Abigsoxfan
    , contributor
    Comments (1219) | Send Message
     
    Does this mean they will resort to their race to the bottom again? Cutting prices to gain market share? The same strategy which got them in so much trouble and caused the need to increase reserves by over $10 billion in 2009 and 2010? Yeah, long live AIG.
    24 Jan 2014, 05:17 PM Reply Like
  • ComputerBlue
    , contributor
    Comments (1337) | Send Message
     
    Hey its abigsoxfan...making the same negative comments since 32 pps. Still plenty of upside to come; jump on the wagon.
    24 Jan 2014, 08:56 PM Reply Like
  • Abigsoxfan
    , contributor
    Comments (1219) | Send Message
     
    Those who don't learn from the past are doomed to repeat it. Let me know how much P&C experience the Chairman, CEO and head of Insurance Operations have between them.
    25 Jan 2014, 08:46 AM Reply Like
  • justaminute
    , contributor
    Comments (1563) | Send Message
     
    A rising interest rate environment will serve insurance companies well. AIG will continue to rise.
    24 Jan 2014, 09:10 PM Reply Like
  • BAHAMAS1
    , contributor
    Comments (5132) | Send Message
     
    Ted Bear-
    "Being back" imo, is certainly not a great company with great management selling at 40% + below Book Value.
    25 Jan 2014, 12:30 PM Reply Like
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