Ok, it could be the interview from September, bc I think Mack interviewed him then. However, the basics did not change since them (even when we had the ugly dip at the end of september ...)
Sentiment: Strong Buy
I was in SF and it was on a Business channel. I think Consuelo Mack was the interviewer. It ran on Sunday.
Was it really at 23rd of November or was the interview from September? Do you have a link to the interview, or were did you find it?
Sentiment: Strong Buy
While I think odds are long that anything will come of this suit that will hurt AIG, you really need to read "The Black Swan" by Taleb. I do not think you would not be making such absolute statements if you did.
He must still be smarting from his weak calls on Sears and St. Joe's. I really don't get his (or WB's) old school views on real estate. The collapse of the housing bubble has permanently undermined the home ownership mystique, while the internet is doing the same to commercial real estate. But Berkowitz is spot on with financials, though I like insurance better than banking. I think we know what insurance will look like in 10 years. I don't believe we know what a bank will look like then- or even money for that matter. Bitcoin is not the only virtual currency that is showing some advantages. Just saying.
Thanks for the Spark Note version. Sounds like they are laying out what is already being said: There is still a very real danger to current shareholders, but that danger is small in magnitude and remote in time. I'm sure the article will go non-subscriber-public soon anyway. At the very least it's bound to be referenced up-and-down by the internet media in the meantime. I don't plan on selling anytime soon. Thanks again.
Look at Investors village and investors hum. They have boards that do not allow spam or politics. They might have a good board for AIG
Funny, I went to the site yesterday and was able to read the whole article; after your post I went back and was not able to read it since I am not a subscriber. Sorry I do not know what to say. THe crux of the whole article hinges on the indemnification, if the government is found guilty then AIG can contend it should not be responsible for the government mistake, it goes on and on analyzing the whole thing and by the end of the article you realize that any thing can come out of it with heavy inclination Greenthurd will not win, and if he does the amount will be much, much less then 40 billion.
other than post garbage , you post nothing , you should get back with your hero's Berkowitz , and lampert ....they need their knobs polished again