Grenville Posted August 26, 2013 Share Posted August 26, 2013 HBS on AIG Fantastic. I wish I could get my hands on more cases. I'm definitely willing to pay, but I think they may only sell them to educators. They are available for purchase to the public. I've purchased a couple in the past. Link to comment Share on other sites More sharing options...
nkp007 Posted August 26, 2013 Share Posted August 26, 2013 Thanks. I see it now. I was on the educator's site. Link to comment Share on other sites More sharing options...
MYDemaray Posted August 30, 2013 Share Posted August 30, 2013 No real surprise: http://online.wsj.com/article/SB10001424127887324324404579043161309726396.html?ru=yahoo&mod=yahoo_hs Link to comment Share on other sites More sharing options...
ourkid8 Posted August 31, 2013 Share Posted August 31, 2013 I just added to my Warrant position on Friday. This stock is still significantly below TBV, Approaching their ROE goal of minimum 10%, repurchasing shares ($1B program), initiated a dividend ($.40), target combined ratio of 90-95%... Am I missing something here? I understand right now that ILFC sale is up in the air but once this is either sold to the Chinese consortium or spun off in an IPO, our credit rating will improve and they will also announce a further increase to the share repurchase and or dividend. Tks, S Link to comment Share on other sites More sharing options...
no_free_lunch Posted August 31, 2013 Share Posted August 31, 2013 I own AIG shares but let me be devils advocate. They are still a ways off from 90-95 combined ratio and their 10% ROE. Analyst earnings estimates for this year and next are in the low $4 range. So you are paying an 11PE which is actually basically fairly priced. There is also an unknown as to the impact of rising interest rates (or at least I can't figure it out). Their are other insurers (genworth) trading at much greater discounts to tangible so it really comes down to the earnings. Link to comment Share on other sites More sharing options...
ourkid8 Posted September 1, 2013 Share Posted September 1, 2013 You are correct, estimates are in the low $4 for 2013 and 2014. Based on Q2 earnings and the direction and speed this transition is taking place, we need to be very careful if we should really look at analyst estimates as the company is starting to fire on all cylinders. I was pleasantly surprised at the recent announcement of a capital return without the sale of ILFC. I am currently purchasing warrants and are extremely long dated so I am not worried about short term fluctuations. The key is having the strike price reduced and with the recent dividend is a wonderful start. I agree, rising interest rates are large unknown and that is my big concern I do have. Tks, S I own AIG shares but let me be devils advocate. They are still a ways off from 90-95 combined ratio and their 10% ROE. Analyst earnings estimates for this year and next are in the low $4 range. So you are paying an 11PE which is actually basically fairly priced. There is also an unknown as to the impact of rising interest rates (or at least I can't figure it out). Their are other insurers (genworth) trading at much greater discounts to tangible so it really comes down to the earnings. Link to comment Share on other sites More sharing options...
mrvlad0 Posted September 4, 2013 Share Posted September 4, 2013 (video) Berkowitz on $AIG $FNMA $FMCC http://cnb.cx/19iJ4Ik Link to comment Share on other sites More sharing options...
fareastwarriors Posted September 10, 2013 Share Posted September 10, 2013 wow AIG hit a 52wk high today. Onwards and upwards... Link to comment Share on other sites More sharing options...
ourkid8 Posted September 10, 2013 Share Posted September 10, 2013 :) I sold my stake in MDLZ to purchase warrants and enjoying the ride! wow AIG hit a 52wk high today. Onwards and upwards... Link to comment Share on other sites More sharing options...
fareastwarriors Posted September 10, 2013 Share Posted September 10, 2013 http://www.bloomberg.com/news/2013-09-10/aig-said-to-opt-against-buffett-reinsurance-amid-clash.html AIG Said to Opt Against Buffett Reinsurance Amid Clash Link to comment Share on other sites More sharing options...
fareastwarriors Posted September 13, 2013 Share Posted September 13, 2013 Bob Benmosche on CNBC today http://video.cnbc.com/gallery/?video=3000197528&play=1 Link to comment Share on other sites More sharing options...
fareastwarriors Posted September 13, 2013 Share Posted September 13, 2013 Berkshire, AIG Join Battle Over Lucrative Business Insurers Clash Over Talent, Billions of Dollars. http://online.wsj.com/article/SB10001424127887324755104579071401193091662.html?mod=WSJ_hp_LEFTWhatsNewsCollection#articleTabs%3Darticle Link to comment Share on other sites More sharing options...
MrB Posted September 16, 2013 Share Posted September 16, 2013 $50 bucks, congrats Ben! Link to comment Share on other sites More sharing options...
mankap Posted September 16, 2013 Share Posted September 16, 2013 Congrats to all the patient investors also. I believe it is all time high since the bailout. Link to comment Share on other sites More sharing options...
MYDemaray Posted September 17, 2013 Share Posted September 17, 2013 Anyone know if this certification for NYSE exchange listing filing pertains to common stock for ILFC, or is this related to the recently registered notes? http://www.sec.gov/Archives/edgar/data/714311/999999999713014004/9999999997-13-014004-index.htm Link to comment Share on other sites More sharing options...
fareastwarriors Posted September 18, 2013 Share Posted September 18, 2013 http://www.bloomberg.com/video/miller-on-aig-after-repayment-of-government-bailout-2ZZpwrg8SoSZ5NTBafI7AA.html Steve Miller, chairman of American International Group interview on Bloomberg. Link to comment Share on other sites More sharing options...
fareastwarriors Posted September 20, 2013 Share Posted September 20, 2013 At AIG, Benmosche Steers a Steady Course CEO Stabilizes Insurer, Focuses on Core Mission. http://online.wsj.com/article/SB10001424127887324807704579087360260812026.html?mod=WSJ_hps_LEFTTopStories Link to comment Share on other sites More sharing options...
mhdousa Posted September 24, 2013 Share Posted September 24, 2013 At AIG, Benmosche Steers a Steady Course CEO Stabilizes Insurer, Focuses on Core Mission. http://online.wsj.com/article/SB10001424127887324807704579087360260812026.html?mod=WSJ_hps_LEFTTopStories http://www.slate.com/blogs/moneybox/2013/09/24/aig_s_benmosche_bonus_outrage_just_as_bad_and_just_as_wrong_as_lynchin.html The uproar over bonuses "was intended to stir public anger, to get everybody out there with their pitch forks and their hangman nooses, and all that-sort of like what we did in the Deep South [decades ago]. And I think it was just as bad and just as wrong." Link to comment Share on other sites More sharing options...
CorpRaider Posted September 24, 2013 Share Posted September 24, 2013 er... Link to comment Share on other sites More sharing options...
Guest wellmont Posted September 24, 2013 Share Posted September 24, 2013 what did buffett say about reputations? http://www.rollingstone.com/politics/blogs/taibblog/aig-ceo-robert-benmosche-compares-bonus-criticism-to-lynch-mobs-20130924 Link to comment Share on other sites More sharing options...
Liberty Posted September 24, 2013 Share Posted September 24, 2013 what did buffett say about reputations? http://www.rollingstone.com/politics/blogs/taibblog/aig-ceo-robert-benmosche-compares-bonus-criticism-to-lynch-mobs-20130924 Wow, doesn't get more negative than this. They even name drop Munger in there. Not one good word for Benmosche saving all those jobs and repaying the taxpayers with a profit, though... Link to comment Share on other sites More sharing options...
Guest wellmont Posted September 24, 2013 Share Posted September 24, 2013 I don't think it was all him. I think he provided good leadership. but he needed help--from the employees, government, fed, financial markets, etc. I think there are a number of ceos who could have done the same thing. i think the us gov got paid back because the fed reflated and the asset values were there to be monetized. oh and mt is right about the bonuses. just ask henry paulson. Link to comment Share on other sites More sharing options...
Liberty Posted September 24, 2013 Share Posted September 24, 2013 I'm obviously not saying he did it single-handedly. But when he got there, they were about to break up the company when things were at their worst. Doubt things would have turned as well if they had done that and this new leader hadn't changed the strategy. Link to comment Share on other sites More sharing options...
Guest wellmont Posted September 24, 2013 Share Posted September 24, 2013 I think what he is good at is creating shareholder value. I am a shareholder. it's amazing how many of these guys are in their own little world though. Link to comment Share on other sites More sharing options...
fareastwarriors Posted September 24, 2013 Share Posted September 24, 2013 I think what he is good at is creating shareholder value. I am a shareholder. it's amazing how many of these guys are in their own little world though. +1 Link to comment Share on other sites More sharing options...
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now