How Obama will Win with AIG victory Lap.
April 04, 2012
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RELATED TICKERS: AIG
Obama's AIG Victory Lap Could Come Before November
Forbes
Bernstein Research is out with a note upgrading American International Group Tuesday, and analyst Josh Stirling ponders whether the Obama Administration may look to exit its remaining equity stake in the insurer and take a bow before the November election.
“We would buy AIG’s stock today,” Stirling writes, “for in this improving market, we believe AIG will be able to sell its remaining non-core assets in coming months, anchor further offerings ‘at cost’ by the Treasury, and perhaps even exit the government in time for a ‘victory lap’ before this fall’s election.” The combination “will drive book value, earnings, and eliminate the number one reason ‘not to own’ this discounted name.”
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