In a video accompanying a 40-page slide show describing AIG’s attributes, businesses and financial goals, Chief Executive Robert Benmosche said “there is no more crisis” for the bailed-out insurance company, which now has “lots of growth opportunities,” in his view. Alluding to recent tensions over the size and potential price of the stock offering that AIG and the U.S. Department of the Treasury launched this week, Mr. Benmosche said in the video: “Our sense is we have an incredible valuation opportunity here and we’re just not going to give it away. “If we don’t get the value today, then we’re going to get the value tomorrow… We’re not going to give 100% of the value away and sell it too cheap,” Mr. Benmosche said. [WSJ]
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- Use the Bloomberg command
NH BLG_DEALBREAKER <GO>
to access Dealbreaker
“I had a portfolio manager who was into lots of growth opportunities and they were really ugly. I said, ‘I don’t like that stuff, but I like this incredible valuation opportunity stuff.’”
-S|A|C
Father figure? What’s that?
-Kinross “long term” shareholder
”We’re not going to give 100% of the value away and sell it too cheap,”
I don’t think that you can do both, Mr. Benmoshe. Then you’d be selling something you don’t have.
Caption Contest Suggestion:
http://i.imgur.com/07S4p.jpg
And here I was thinking that the value of AIG depended on one’s imagination.
Rather like Lehman Bros.
Lots of imaginations still running wild.