On 28 December 2012 we had bought American International Group (AIG) at $34.80. You can click here to view the article. Our subscribers were informed of this trade.
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 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.
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BL, CEO of Tactical Trading Academy – For Your Profits, Your Success Is Our Success!
“The ideal business is one that earns very high returns on capital and that keeps using lots of capital at those high returns. That becomes a compounding machine.” – Warren Buffett