and even if the book value is overstated. I dout it's over stated by 65 dollars. the stock sold at 50 in 1995, now, 13 years later the stock is 11 dollars more. You be the judge, if there is value here. well, i beleive the stock is looking pretty cheap, brought down by stupid people who run financial companies, and the fact that there is nothing left of aig, should only benefit anat. the strong will get stronger, and the weak will be no more.
wow this one seems cheap at reduced 126.70 book value, but a little bothersome that their credit people invested in a few real levered dog financials like fnm fre wamu and lehman. these were insanely levered. what were their credit people thinking putting mnoney into these leveraged dogs? I would hope this is the last of the dogs. high ratings by rating companies. a+ am best strong will gain market share too.