For that to happen, BABA would become the biggest company in the world by market cap.
Think about that for a second.
Sorry friends, if you are long you are in for some pain until at least the end of today.
Is this post due to AIG being down 1.5% today because an executive suddenly announced he is taking his ball and going home because he wasn't made CEO?
70% of book value, buybacks in place, dividend growing, combined ratio now sub 100%, book value growing 8-10% a year.
Maybe the problem is you?
It seems like Caza is ramping up production left and right, yet shareprice isn't moving anywhere. Does anyone have an idea of why this is? What do you think it will take to get the price per share moving in the right direction?
you were saying the same thing about FNMA common when it first broke out to 35 cents in March 2013. Look how wrong you were on both counts.
LHHMQ was up 47% yesterday. A huge payout is coming within days. Please do your DD if you want to get rich owning these securities.
Is anyone else out there? P/E is still extremely low vs US markets. My call was accurate from May and I think we have a lot higher to go. Anyone else with me?
No, AIG never had a market cap higher than $250 billion. The 1:20 wasn't a straight split when you consider government ownership and other caveats. AIG currently trades at around 1/3 of its peak value in the early 2000s, and many assets have been sold off since then.
With this said, AIG used to trade at a minimum of 1.6x book for a twenty year stretch from the 1980s to 2007. Today it trades at 75% of book so it is very cheap on that historical basis. If we ever see interest rates on treasuries back up to levels seen between the 80s to early 2000s I expect we will see AIG significantly above book value, as the insurance float will do much better in that type of enviroment considering the current AIGs risk aversion. My two cents.
If yes, you should buy LHHMQ. Lehman Bros cumulative preferred shares. They are currently worth $35 due to accumulated dividends and face value, yet trade at 50 cents. Lehman just announce the following today:
August 28, 2014 8:10 AM EDT NEW YORK--(BUSINESS WIRE)-- Lehman Brothers Holdings Inc. (“Lehman”) announced today that it intends to explore monetization opportunities related to certain remaining allowed general unsecured claims against Lehman Brothers Inc. held by Lehman and certain of its controlled affiliates. There is no assurance that Lehman will proceed with any such opportunities. Lehman is represented in its chapter 11 cases by Weil, Gotshal & Manges LLP.
Folks, if you want to own something that literally could increase 50x overnight, you need to buy these CTs and just wait. Lehman still has tens of billions of assets and those who own CTs are entitled to these assets.
Go to investorshub and search for the following board to read more:
"Lehman Bros - Cap. Trust VI - Pref''''d Series "N" (LEHNQ)"