American International Group: Good Enough For Me
- AIG shares have performed well so far in 2019 but I believe that the stock still has room to run.
- AIG reported Q3 2019 results that were well-received by the market. The company significantly missed the EPS estimate but the results were good enough for me (and others).
- I plan to stay long AIG (the Tarp Warrants).
American International Group's ($AIG) stock has performed well so far in 2019, as AIG shares have outperformed the broader market by almost 20 percentage points over the last 11 plus months.
Looking back, however, the stock performance has not been anything to write home about. To this point, AIG shares have underperformed the S&P 500 over the last 3, 5 and 10-year periods.
But, as I previously described here, AIG's path forward is slowly becoming clearer under the newish leadership team and, in my opinion, the insurer's most recent operating results supports the thought that AIG is still worthy of investment dollars.
Read more here.