AIG: It Will Be A Long Road, But The Path Is Becoming Clearer
- AIG recently reported lackluster Q2 2018 results that missed the consensus EPS estimate by a wide margin.
- However, there were some positive takeaways from the company's most recent operating results.
- I plan to stay long AIG (the Tarp Warrants), how about you?
American International Group ($AIG) is an investment that I made several years ago and the position has been a major drag on the R.I.P. Portfolio's performance over the last three years.
Yes, this graph makes me feel the pain. I have long believed that the new management team simply had to improve investor sentiment by flushing out the reserving issues but, as you can expect, it's easier said than done. As I recently described here, AIG shares will likely not outperform the broader market over the next 12 months but I do believe that the insurer's management team is slowly putting the company in a better position for the future.
Read more here.