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AIG
Here is Tim Travis’ research report on American International Building (AIG) on March 23rd 2012.   http://seekingalpha.com/article/453981-aig-is-too-good-a-long-term-idea-to-pass-up
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http://seekingalpha.com/article/1068791-america-loves-comeback-stories-and-there-is-none-greater-than-aig INVESTING IN THE FINANCIAL MARKETS INVOLVES RISKS. OPTIONS ARE NOT SUITABLE FOR ALL INVESTORS.
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For those who have followed us for some time, you know that we are big fans of Bruce Berkowitz and his investment style.  He is probably the guy we have the most in common with in terms of our stock selection process.  Last year was a tough year for him, but while investors in his...
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Below was today’s CNBC interview where T&T Capital Management CEO Tim Travis discussed his view on financial stocks.  He specifically discusses AIG, Citigroup and Bank of America.  Enjoy!  http://video.cnbc.com/gallery/?video=3000128646&play=1 INVESTING IN THE FINANCIAL MARKETS INVOLVES RISKS. OPTIONS ARE NOT SUITABLE FOR ALL INVESTORS.
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Here is our most recent research report on AIG.  I hope that you enjoy! http://seekingalpha.com/article/978591-aig-s-price-decline-offers-excellent-entry-point INVESTING IN THE FINANCIAL MARKETS INVOLVES RISKS. OPTIONS ARE NOT SUITABLE FOR ALL INVESTORS.
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Fund Manager Daniel Loeb sees the same opportunity in AIG that we do at TTCM, and Fairholme Funds led by Bruce Berkowitz does as well. This is a unique franchise trading at an absurdly low valuation based on a horrible recent history, in which the problems were primarily caused by one unit. Robert Benmosche has...
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AIG continues to make solid progress as today they recouped their $5 billion investment in Maiden Lane III plus interest.  This $5.6 billion receivable should enable the company to buy back stock at a huge discount to tangible book value.  In addition AIG gets 1/3rd of the profits from the remaining assets in the investment vehicle.  AIG...
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AIG’s investment strategy is to embrace distressed mortgages which are trading at discounted prices and offer attractive cash flows, in lieu of equities which are more impacted by shifts in the equity markets.  While AIG’s mortgage portfolio got them in a considerable amount of trouble during the “Great Recession” the primary problems that the company...
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It looks like the issue with delaying the sale of Maiden Lane III CDO’s was based on transparency as opposed to lack of market demand.  AIG sold off yesterday as the news of the delay broke, but the sooner the sale goes through at a good price, the sooner AIG can use the money to...
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After the market closed today the government announced that they will be selling some more of their stock.  They didn’t specify size as that is contingent upon pricing.  The good news for AIG shareholders is that the company is buying back $2 billion of their stock.  At just over 50% of tangible book value this...
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