American International Group (Ticker: AIG) is attracting strong buying interest this morning. This stock is getting our attention as we consider carefully its ability to payback the government, put its role in the financial meltdown further into the “rear-view” mirror, and re-create itself as a profitable enterprise moving forward.
We are not alone in these considerations. Mr. Bruce Berkowitz of Fairholme Capital Management, “Boosted his investment in American International Group Inc. again, according to a regulatory filing late Monday…”
According to the above article link, Mr. Berkowitz is now the largest private shareholder of AIG with holdings representing approx. 26.6% of the company. The U.S. government owns currently almost 80% of the co.
The AIG stock is down approx. -96% from its peak value and certainly could garnish real attention if the company demonstrates an ability to move forward profitably.
This one could become one of the turn-around stories of the ages. Our Stock Market Companion 15MinuteStocks Market Update subscribers will know the day we decide to get on board.
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