with afg in va what does this mean for aep

This is possibly the best news for AEP investors. With their stock at $1.80 versus NTA $4.80 ( including 80 cents cash). AFG own the management company, and also own stock in AEP. What's more AFG also has commitment to buy approx $100m more stock from Liberman family under an option agreement, now likely to be the bank's not AFG's problem. The demise of AFG will bring forward developments that i can only see as positive for AEP. Surely with the manager in VA AEP will have an opportunity to internalise the management and remove liability to pay AFG fees. Also the banks will need to sell AEP shares owned and committed to by AFG and this presents an opportunity for AEP to buy these back and cancel ( given the shares trading at 62.5% discount to NTA the independent directors of AEP can do a good deal for shareholders here). then finally and let's not lose sight of the value in this, they can remove the word Allco from their name, has to be worth a buck alone!!! hope that AEP falls tomorrow on general negative Allco sentiment, as it will present opportunity to get set with more. Love it.