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American International Group, Inc. Message Board

  • kmcmahon38 kmcmahon38 May 6, 2014 12:09 AM Flag

    AIG Management Needs to Realize Buybacks are Key...

    Did you know that IBM's annual revenues have been flat from 2004 to present? Meanwhile, the shares are up 300%....Why? Because of buybacks....IBM had 1.7 billion shares outstanding in 2004, today they have 1.05 billion shares outstanding. This aggressive buyback policy has helped massively ramp up eps for shareholders, and created stock price appreciation. I hope Mr. Bemosche announces that AIG will start aggressively buying back shares.

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    • They already are. The big difference between IBM and AIG is IBM is buying shares at above book. AIG is buying it at a huge discount. The more they buy, the higher the book value grows. Next quarter BV will be higher than $71, and by the end of the year, probably $75. In a 2-3 years, BV will be $100. The price must catch up sometime. I'm buying the dips and reinvesting the div.

 
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