I have a feeling that $FG might be getting sold soon. Based on their recent SEC filings, everything points toward a tax-free spin-off likely happening in June, when they hit the five-year mark of ownership. I initially bought in around $24 back in 2023, and I've since added significantly to my position around $35 in my Roth IRA. Per their Q4 earnings, book value per share excluding AOCI (Accumulated Other Comprehensive Income) is $44.28.
An Update:
https://alankritcapital.substack.com/p/first-athene-then-ael-now-fg
I have a feeling that $FG might be getting sold soon. Based on their recent SEC filings, everything points toward a tax-free spin-off likely happening in June, when they hit the five-year mark of ownership. I initially bought in around $24 back in 2023, and I've since added significantly to my position around $35 in my Roth IRA. Per their Q4 earnings, book value per share excluding AOCI (Accumulated Other Comprehensive Income) is $44.28.