AIG -- Still Humpty Dumpty

AIG (AIG) reported Q4 and year end numbers. The numbers are better. How could they not be better? They have sold some assets, achieved better returns in other assets and have reduced their addiction to government money. The company is still enormous and almost impossible to understand. You look at Google (GOOG) and based on your perception of on line advertising you can develop an opinion. You look at Burlington Northern (BNI) and based on your perception of commodities and the domestic economy you can develop an opinion.

You look at AIG and you still do not understand this behemoth. Yes it may be improving. But if Humpty Dumpty is put back together again it will just fall off the wall and “All the kings horses and all the kings men” will get very tired.

Invest in what you understand. I still maintain this company is not at all understood. Current management comments are not helpful.