Photo: Bloomberg TV via YouTube
Glenn Tongue, who decided to part ways from T2 Partners this summer to launch is own fund, presented a long case for both AIG at the Value Investing Congress again in Manhattan this week. Tongue told the audience that he thinks AIG is even more undervalued than when he presented the idea at the last Value Investing Congress.
In fact, he thinks AIG’s stock price could be worth ~$49 to $77.
He also gave a long thesis for Iridium, a global communications provider of mobile voice and data services
We’ve included his presentation in the slides that follow. Keep in mind that a few of the charts are not able to show up.