American International Group, Inc.
AIG
position
long
Rolf Heitmeyer
Thesis
AIG is very cheap, trading at around $54 while its book value per share is $70. The company has the potential to be an above-average business due to its global scale, and it should at least trade at book value, providing a margin of safety for investors.
Did it work?
worked
confidence: high
The stock price increased by 48.4%, which aligns with the long thesis that AIG was undervalued and should trade at or above its book value. Given that the price has risen significantly, it suggests that the market has recognized the company's value, confirming the thesis dynamics.
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