So AEGON is going to cut 450 jobs in the Netherlands. It's about time. Still, it should be cutting many more than that in the US - especially in CR where there's a ton of dead wood. I guess that the good ole boys are all still considered sacred cows.
The job cuts in the Netherlands are largely symbolic, since they will come from attrition.
But they are a necessary pill for the Dutch Masters to swallow and digest to impress upon themselves that nothing is sacred. Especially not this Dutch Cow! Boo! Moo!
I agree more cuts are necessary everywhere, but most Dutchies are more sensitive to their local socialist tendencies, and their unions in their own country, but quick to exploit easier or lax workers rights in the US.
I haven't been short AEG for some time. There are just too many other stocks (mostly technology) that are grossly overbought right now, and they have been taking up most of my time. However, I have made a LOT of money shorting AEG in the past and I'm sure that I will again in the not too distant future. As for AEGON being "undervalued," what in the world are you talking about? At $11, AEG is clearly OVERvalued! My advice: buy at $8, sell at $11.