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BofA and AIG are Strong Buys Says Valley Forge Fund Manager


Bank of America's shares have the potential to double in value now that its regulatory and subprime problems are close to behind it, said Brian Boyle, portfolio manager for the Valley Forge Fund. Boyle is bullish on fellow financial giant AIG as well, saying the insurance giant is only scratching the surface in terms of earnings potential. He added that AIG trades at a huge discount to its book value and is buying back stock. Finally, Boyle is positive on shares of Canada-based Birchcliff Energy because of its leverage to natural gas prices, which he believes are heading higher.