AIG

Today, I added to my position in AIG @ 48.50. AIG reported Q3 results today, which were solid, except for the poor results in the P&C division. The market is cantankerous and has sold off AIG. Improved earnings, growing book value and continue share buy-backs will serve as a tailwind for AIG going forward. The company expects a decision in the coming months regarding the ILFC division ( aircraft leasing business ), which is deemed a non-core asset. The additional capital from the sale/IPO of ILFC should benefit long-term shareholders in the form of increase dividends and/or share buy-backs.