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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