After underperforming for months, AIG's Tarp warrants did some catching-up to the underlying...

|By:, SA News Editor

After underperforming for months, AIG's Tarp warrants did some catching-up to the underlying stock (AIG) over the past few weeks. The superior value of these to the common has been an open secret among the value crowd for awhile, and Hardcore Value says it's even better thanks to the compounding of the adjustment factor (this assumes a steady dividend is soon reintroduced).