"AIG is priced for 10 Sandys," says Bruce Berkowitz, basking in a big year after a brutal 2011....

|By:, SA News Editor

"AIG is priced for 10 Sandys," says Bruce Berkowitz, basking in a big year after a brutal 2011. The company is moving away from the business of "picking up pennies in front a steamroller," he says, and - once it can stop spending so much time and energy dealing with Treasury and the Fed - is ready to focus on cutting costs.