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Mascoutah, Illinois | They are going to make the taxpayer whole plus interest. Meanwhile, after the government ends up exiting their position AIG has enough capital to reduce their share count by a huge margin which will make earnings growth soar quarter over quarter. If this story plays out like the chapters are scripted, this stock will have a book value north of $100 a share in 2015. The stock is trading in the $33.00's after the close today. With patience and a thirty six month window, this could be a homerun assuming management doesn't screw this up.
FULL DISCLOSURE: I am long the stock in the $32.00's and will buy more if we see a $31.00 print. | |
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SX12 looks like the ultimate short
