1. How to use GuruFocus - Tutorials
  2. What Is in the GuruFocus Premium Membership?
  3. A DIY Guide on How to Invest Using Guru Strategies
Holly LaFon
Holly LaFon
Articles (7792) 

Bruce Berkowitz Comments on AIG

August 03, 2012 | About:

From Berkowitz's second-quarter letter:

Our best idea remains AIG (AIG) common (35% of the Fund) with a reported book value of $57 per share. There are few occasions when systemically important franchises sell for half of book value and are profitable. This is one of those times. AIG warrants held by the Fund (another 3% of the Fund) provide the right to 21+ million shares at $45, or maybe more shares at lower strike prices for the next 34 quarters if dividends above $0.675 per trailing 12-month period are paid.


Rating: 3.4/5 (8 votes)

Comments

Please leave your comment:


GuruFocus has detected 3 Warning Signs with American International Group Inc $AIG.
More than 500,000 people have already joined GuruFocus to track the stocks they follow and exchange investment ideas.

Performances of the stocks mentioned by Holly LaFon


User Generated Screeners


liuzishuNon-div M-score
blomgGreenblatt
pbarker46Momentum
merknt84div5
merknt84div4
merknt84div3
merknt84div2
DANGORDON**** LOW PE AND PEG
DANGORDON***** BEST STOCKS 50 ABOVE
DANGORDON***** BEST STOCKS
Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)

GF Chat

{{numOfNotice}}
FEEDBACK