Still Room For This Turnaround To Run
Long/Short Equity, Deep Value, Special Situations, Growth
Seeking Alpha Analyst Since 2012
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American International General (NYSE: AIG) has been in "turnaround" mode since the U.S. Treasury orchestrated a $700 billion bailout of the insurer back in 2008. But in December 2012, the U.S. Treasury sold its remaining stake in AIG, so what's the future catalyst to drive the stock higher? It appears the company has refocused on insurance and is now, once again, one of the top players in the industry.
Despite having outperformed the S&P 500 by over 100% year-to-date, I believe the rebound in AIG still has room to run.
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