Recently bought. Not sure if it is relevant but this thing was at $2000/share for a long time. I still think there is some negative ownership bias due to the govt. bailout but it sure looks like this thing is rolling again. I may be naïve but I think that the global economy will steadily grow over the next 5 years and it would not surprise me if AIG floats nicely along with it. Barring a black swan event I would not be surprised to see AIG over $300/share in 2020.
if the market tanks you are likely correct, if not, you are likely wrong. I think T will continue to return 5% for the next number of years and drift throughout the 30s. Maybe low 40s in a couple of years if the economy doesn't lose a wheel.
Sold 3900 of them over the last 6 months. I couldn't sell them all because I didn't want to cut all ties to this company that has entertained me and provided me with a nice little profit along the way. I've read it all and heard all the reasons why we might get really profitable at some point. I'm hoping we do and may start accumulating again but I need some additional concrete reason to do so. I'm willing to miss $2 or $3 per share before I re-buy but right now I'm skeptical. Good luck all.
Picked it up after reading a Pro-CIM article. Didn't do my due diligence beyond that. For you long-termers, can I expect the 11% dividend to continue for the next couple of years or too difficult to predict? thanks
Yes, he knows what he is doing. There is going to be more volatility with him for reasons well known, but I am betting he will continue to beat the market in the long term and until I feel differently I will stick with him like I have now for over 10 years.