On December 28, 2012 we had bought American International Group (AIG) at $34.80.
We believe this is a hard to come by investing opportunity. Rarely do you have a global franchise trading below tangible book asset. Sanford C Bernestein agrees with us.
Sanford C Bernstein & Co issues a buy recommendation on American International Group (AIG), see here. The report mentioned that “We see a once in a generation low-risk chance to buy a recovering franchise at a substantial discount.“
American International Group trades at $42.28 now. Currently we are sitting on 21.49% profit.