I've been in aig since 09, on and off.one thing is clear it never was near book value.and for purposes we know...ichan and Paulson are real and what they say is totally understood.because rates aren't increasing as fast as I thought,and p&c,life ins.very dependent on rate increase .I wanna side with them in splitting aig.that would be nice to see aig at higher valuation...I know still about 12 b or so dta left.but splitting will get more benefits in long run. I wish Bobby was stil here.god bless his soul!
I wouldn't cheer Icahn's exit. He and Paulson's presence is keeping Peter honest and focused. I'm hoping for great things too. I think the warrants are especially attractive. If P&C produces we win. If they don't, warrants are doubly rewarded by spinoff adjustments. I still think that additional share conversion adjustment is the big secret in plain sight.
the lack of volatility and the price they are willing to sell the company back its stock (immediate 50% return) is amazing. considering peter is pulling out all stops to remain ceo. there will be a day in the future when the selling stops and the price will soar. all i know is that the company is buying back the equivalent of half of carls position every month at these prices. maybe carl is taking his football home with his currently losing bet.
Gold is only where it is now because of central banks buying ,china in particular .still it's going down hard by eoy unless there's serious war somewhere .