AIG trades at a market multiple, and it is indeed the best insurance company in the world, in my opinion. But financial stocks rarely, if ever, trade at market multiples,
More Quotes from Vince Farrell:
Yahoo is vulnerable to the extent that they're going to have to do something, ... Not necessarily an outright sale of the company so some sort of very close affiliation.Vince Farrell
We had a wonderful day yesterday, and our biggest position is CIT Group, which was taken out by Tyco International,
Vince Farrell
Hughes and Delphi add up to over 40 a share in value then you're buying the auto company for 80 minus the 40, or about 40 bucks.
Vince Farrell
I think it's going to be a difficult year, ... We're undergoing a change. I think the markets will broaden and some tech stocks will suffer. In my opinion, they've reached a point of absurd valuation. These stocks are going to give up the ghost with money going into other stocks.
Vince Farrell
I was really encouraged by yesterday's move, ... I don't know about the average - the average is in the process of bottoming - but it may well be that the average can kind of bottom out, individual stocks are going to go off on their own, up or down.
Vince Farrell
No matter what happens (incoming AOL CEO Richard) Parsons and gang are going to concentrate on calming market expectations. Period,
Vince Farrell
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One of the dumber things my manager said was, Stick to the melody. But I can't.
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