I’ve said it before and I’ll say it again that I really have a tremendous amount of confidence in Robert Benmosche. He strikes me as honest, hard working, and he has a strong track record which is what matters. In this transcript he outlines exactly where the opportunity is for AIG. He flat out says that he intends to buy back the stock owned by the Treasury with about $22 Billion in excess capital from asset sales. I cannot express how huge that is in terms of increasing the value of the company assuming the buybacks are done at the tremendous discount to Tangible Book Value that currently exists. T&T Capital Management (TTCM) outlined our investment thesis on AIG last week: http://seekingalpha.com/article/453981-aig-is-too-good-a-long-term-idea-to-pass-up?source=email_rt_article&ifp=0
Here is the Transcript :http://www.cnbc.com/id/46809008