I have not analyzed the figures to the extent Tom has, but agree with his analysis. I more than doubled my AIG holding on SEP 12th and may double them again SEP 15th if the price stablizes @ 12.
AIG problems are mainly ratings agency driven.
At this price level, management may find it advantageoues to use its cash to buy back common stock rather than pay a nearly 8% dividend.
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I have not analyzed the figures to the extent Tom has, but agree with his analysis. I more than doubled my AIG holding on SEP 12th and may double them again SEP 15th if the price stablizes @ 12.
Sep 13 15:05 pm
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All Comments by StockSteeler »Crunching Numbers: Why I'd Buy AIG [View article]
AIG problems are mainly ratings agency driven.
At this price level, management may find it advantageoues to use its cash to buy back common stock rather than pay a nearly 8% dividend.
I could say alot more, but no time to do so!
Thanks.