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IBDvalueinvestin (98.49)

AIG able to buy back shares at a discount



April 04, 2012 – Comments (3) | RELATED TICKERS: AIG

to current market share price from the government. If my memory serves me correct, the government AIG cost is $27/shr.


AIG: Government Exit Winner

 By Philip van Doorn

 04/04/12 - 04:10 PM EDT

 The government looking to be rid of its AIG stake by November, and "by allowing AIG to buy shares from the government 'at cost', the government's exit will increase AIG's book value by 20-30%, and EPS by 30-50%," according to Sterling, making for a "compelling opportunity" for investors.

 Factoring in the government's exit plan, the analyst estimates that AIG will earn $3.38 a share during 2012, followed by 2013EPS of $4.21.

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3 Comments – Post Your Own

#1) On April 04, 2012 at 10:31 PM, constructive (99.97) wrote:

This is purely imaginary.  There's no agreement between AIG and the government that they can buy back shares at cost.

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#2) On April 05, 2012 at 10:52 AM, IBDvalueinvestin (98.49) wrote:

Keep shorting if you believe in what you write.

What can I say, I read reports and imagine they are telling the truth.

You are the contrarian and believe everything you read is a lie.

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#3) On April 05, 2012 at 11:07 AM, constructive (99.97) wrote:

I've never shorted or red thumbed AIG.  I'm a skeptic.  In other words, I think for myself.

Some of the authors you read have no credibility.  Sterling just make this up out of thin air, in the hope that gullible people would believe it.

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