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American International Group, Inc. Message Board

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  • ran.dog80 ran.dog80 Apr 15, 2010 1:58 PM Flag

    Fairholme Fund - Bruce Berkowitz!!

    The announcement was made a few days earlier. It is a fact and their decision to get in in based on the companies probabilities to become earnings positive. Several comments from execs. have indicated all borrowed tarp $ would get payed back ank the company will start generating solid income as early as 2010. He's done his research and more than likely will double that investment by years end, he is not worried about 2.00 and 3.00 dollar moves up and down weeky. They will touch $100.00 IMO by years end and that's only the beginning. You dont need GL you need to be patient and hold like S&P reccomendation.

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    • The only confidence I have in AIG is that there is a bottom because of the gov support, and that there will be periodic spikes as the shorts get squeezed.

      • 1 Reply to purplespyderman
      • Follow past history closely because normally when volume gets above 50,000,000 and prices heads up something coming. It can last a week at a time and I agree with your take on gov. ownership there with tax payer $$ and Obama will certainly run again for office. If he lets this go down he dosent stand a chance, but if pulls off a miricle and his czar eyes are all over it , then he can use this play at re- electino time. That goes for all the companies that recieved bailut $. They keep bringing to the attention of the americann people that progress and payback are occuring and the tax payers / country will benifit when all is said and done. So far it's going as planned.

 
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