Fairholme's Berkowitz Sees Long-Term Value In AIG (AIG), May Buy Some Gov Shares
Tweet Send to a Friend
Get Alerts AIG Hot Sheet
Trade AIG Now!
In a CNBC interview on Strategy Session with David Faber, Bruce Berkowitz of Fairholme Capital discusses his large investment in American International Group (NYSE: AIG).
Berkowitz said he has a long term time-frame with the investment. He said the stock is selling below book value, has tremendous value in its assets and has a great balance sheet.
Berkowitz said his fund $5 billion in cash and could buy some of the shares the government is selling as part of an upcoming equity offering. He said he is looking for opportunities.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
Berkowitz said he has a long term time-frame with the investment. He said the stock is selling below book value, has tremendous value in its assets and has a great balance sheet.
Berkowitz said his fund $5 billion in cash and could buy some of the shares the government is selling as part of an upcoming equity offering. He said he is looking for opportunities.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
You May Also Be Interested In
- UPDATE: Shares of Sony (SNE) Spike; Considers Spinning Entertainment Arm
- UPDATE: Cubist Pharmaceuticals (CBST) Spikes to Session Highs
- UPDATE: GameStop (GME) Slides Into Close
Create E-mail Alert Related Categories
Hedge Funds, Trader TalkRelated Entities
David Faber, Fairholme Capital Management, Bruce Berkowitz
Login with Facebook
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
