The analyst suggests buying AIG for long-term value, citing the new CEO's successful track record at a previous company, aggressive share buybacks at a discount to book value, and improving underwriting results. He forecasts a 15% annual return over 10 years based on conservative growth estimates and current valuation.
“I think you could buy this stock at a discount, they get some margin improvement, they get a little growth under the new leadership and lo and behold you got a company that's outperforming the stock market with a very kind of conservative three percent growth forecast.”