Financials

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Financials

• Associate Nate Bard
• Analysts Steve Belsterling,
• Carlos Padilla, Sang Lee,
• Jackie Carney, Ryan Conner,
• Sean Colleran, Lydia Coleman

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Holdings
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LTM Performance
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American International Group

• Provides a variety of insurance and
  insurance-related services in the United States
  and overseas.
• The Company writes property and casualty and life
  insurance, as well as provides financial services.

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Quick Facts
Current Price 71.21 52-week high/low
77.36-56.16 One year return 19.24 Earnings
(past 12 months) 4.23 Year est. EPS 4.55 P/E
(trailing) 16.95 Est. P/E 15.80 Shares
Outstanding 2.605.397M Market Cap 186,754.900M
ROE 14.23
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SWOT
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The Company has three operating segments Travel
Related Services (TRS), American Express
Financial Advisors (AEFA) and American Express
Bank (AEB).
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Quick Look
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SWOT
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Pennsylvania REIT
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Quick Look

• 52 Week Change 15.01
• Market Cap 1.32 Billion
• FFO 79 Million
• Beta -0.028

• Annual Dividend 2.16
• Dividend Yield 5.85
• ROA 1.99
• ROE 3.51
• Consecutive Dividends 110

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SWOT
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Quick Look
Citigroup Tumbles as Merrill Cuts Rating on Japan
(Correct) September 20, 2004 1649 EDT --
Citigroup Inc. shares had their biggest one-day
drop in 18 months after Merrill Lynch Co. cut
its rating on the stock because Japanese
regulators shut the bank's Tokyo-based private
banking unit.
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SWOT
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NORTHBROOK, Ill. (Aug. 25, 2004) -- Grubb Ellis
Company (OTC GBEL), one of the leading providers
of integrated real estate services, today
reported net income of 12.6 million, or 0.83
per share, for the fiscal year ended June 30,
2004, compared with a net loss of 17.9 million,
or 1.19 per share, for the prior year. For the
fourth quarter, the Company reported net income
of 9.0 million, or 0.59 per share, compared
with a net loss of 870,000, or 0.06 per share,
in the fourth quarter of fiscal 2003.
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SWOT
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SELL
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Sell

• Agreement last semester to sell half and see how
  things go
• It has only gotten worse

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Stock Decline
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Management Problems

• Charles Schwab in and out.
• Cost cutting more job cuts and closures.
• Reexamine SoundView acquisition
• Charles Schwab said that business lacked
  "synergy" with its tradition of supporting the
  individual investor. UBS has agreed to buy the
  unit.

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Awful Financials
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Intuitively Speaking

• Bad company in a bad industry
• Fierce competition, on price
• Company left its roots
• Operates in a way it once despised
• Industry based upon individual active traders
• Ramped up branching only to slash them a few
  years later
• Launch of Charles Schwab bank - conglomerate

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