Giant insurer AIG (57, AIG) is lower than it was one, three, five or even eight years ago--back when it sold for 40 times earnings. Now it is just 8 times earnings and 1.2 times annual revenue. But with an exceptionally strong presence in insurance and broader finance and slow but steady growth, it will enjoy a good run in the stock market in 2008.
~ Ken Fisher, "We're Too Gloomy," Forbes, January 28, 2008
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment