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

"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.
Comments (2)
  • DeepValueLover
    , contributor
    Comments (8157) | Send Message
     
    ...and I bet there are STILL people out there who claim that Berkowitz doesn't understand AIG!
    26 Nov 2012, 02:32 PM Reply Like
  • TARP
    , contributor
    Comments (31) | Send Message
     
    It takes many investors to increase a stock price. Berkowitz is one of them albeit a large one. But none the less his beliefs alone does not dictate AIG direction. Only the market can do that.
    27 Nov 2012, 05:02 PM Reply Like
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