Tuesday, December 29, 2009

AIG undervalued??? I'm not so sure....

According to financial data shown on Yahoo Finance, AIG's book value per share is actually higher than it's currently trading at...

Book Value Per Share (mrq): 37.637001
Current Share price: 31.870000 7:59pm ET 12/29

of course, I don't buy those numbers and I don't think AIG is really worth what it's trading for, even at $31.87 a share. Important note on Book Value Per Share: it includes the acquired cost of the assets of a company e.g.- the now significantly devalued assets at their prior purchase price...

For more info & statistics go to http://finance.yahoo.com/q/ks?s=AIG or see the attached image

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