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AIG (AIG +3.1%) could reach $40 as it continues to shed non-core assets and begins a buyback...

AIG (AIG +3.1%) could reach $40 as it continues to shed non-core assets and begins a buyback program that should be much bigger than investors are expecting, Deutsche Bank believes. $15B-$20B worth of buybacks over the next year is "achievable... book value per share growth in excess of 30% is possible if shares continue to hover around their current price.”
Comments (1)
  • Abigsoxfan
    , contributor
    Comments (582) | Send Message
     
    Unless of course their loss reserves are inadequate as they were in 2009 and 2010 by several billions in each year.
    26 Mar 2012, 09:41 PM Reply Like
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