Financial Sector and Stocks Analysis from Seeking Alpha
Tue, 31 May 2011
Money Morning submits: By Jack Barnes American International Group Inc. ( AIG ) provides insurance services to an international market place. In 2008, the company was bailed out of its positions by the U.S. government , which owned 92% of AIG at its peak. AIG last week priced new equity, allowing ...
With a low price/book value, the reward for AIG stockholders could be attractive, but the franchise has been weakened, says Davis/Selected American manager Ken Feinberg.
If we’re going to lag going forward, it’s not going to be because of what made us lag the last three years, says Davis/Selected American manager Ken Feinberg.