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 done one of the best managerial jobs I’ve seen in recent history in terms of managing the government as the largest shareholder, and restructuring the business model. Below are a couple of my articles on AIG, and the Bloomberg article referencing Daniel Loeb.
INVESTING IN THE FINANCIAL MARKETS INVOLVES RISKS. OPTIONS ARE NOT SUITABLE FOR ALL INVESTORS.