$AIG warrant math IRR 18% thru 2021
so as of december 11 i was expecting ROI of 20%+ on aig warrants [4:02:44 PM] Glen Bradford: AIG warrants: Expiration: January 19, 2021; Strike: $45 [4:09:17 PM] Glen Bradford: Book Value Per Share (mrq): 68.87 [4:10:22 PM] Glen Bradford: makes $7.5B/annum [4:10:58 PM] Glen Bradford: $5/share [4:11:03 PM] Glen Bradford: strike 2021 [4:11:23 PM] Glen Bradford: so.. 2021-2013=8 [4:11:27 PM] Glen Bradford: 85=40 [4:11:31 PM] Glen Bradford: +65 [4:11:40 PM] Glen Bradford: $105 [4:12:10 PM] Glen Bradford: warrants are worth $60 in 8 years [4:12:18 PM] Glen Bradford: x4 today's price if they are $15 [4:13:04 PM] Glen Bradford: 18.9% [4:13:12 PM] Glen Bradford: IRR
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Glen Bradford
Investor · Builder · Writer
MBA from Purdue. Former hedge fund manager. Holds 26 series of Fannie Mae and Freddie Mac junior preferred stock. Built Cloud Nimbus for Salesforce consulting. Author of Act As If. Writes about investing, building things, and the longest financial fraud in American history.
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