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Vet67to82 (< 20)

Citigroup (C) on the move higher



March 10, 2010 – Comments (3) | RELATED TICKERS: C , BAC , MS

Percent (C) held by Institutions:     34.90% 
First, C  sports only about 35% institutional investment compared to the average 70% institutional investment in C's competitors.  A reduction in the number of shares outstanding will result in better earnings per share data ... inspiring MORE "global" confidence in C. 
 Getting rid of the USA gov't "impending fire sale" threat overhanging C  is step one.   Second,   Step two is reduction of the shares outstanding ( Suggesting a REVERSE SPLIT of 1 for 10 ) to make it more than a penny stock, which may, due to some "self-imposed" fund rules ( Prices less than $5 ... Prices less than $10, etc), restrict institutional market buying and holding of C's stock.
Economics 101 basics --- more persons wanting something ( ie:  Product X, or C's stock ) there's less of, or not enuf to go around, causes increasing prices.

3 Comments – Post Your Own

#1) On March 18, 2010 at 11:13 PM, Vet67to82 (< 20) wrote:

Citigroup Inc (C)

3/18/2010  4 PM Close:  $ 4.02  -$0.03  -0.74% 

After Hours: 4.00 -0.02/-0.50% Vol. 5.42 Mil

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#2) On March 31, 2010 at 3:23 PM, Vet67to82 (< 20) wrote:

" S&P RAISES RECOMMENDATION ON SHARES OF CITIGROUP TO BUY FROM HOLDMonday 03/29/2010 9:30 AM ET - Standard & Poor's Research Notes

The U.S. Treasury said it would exit its common share ownership stake in C over the course of 2010 through a prearranged trading plan. The Treasury owns 7.7 billion shares, and said the size and timing of sales would depend on a number of factors, but did not elaborate. With average daily trading volume of more than 500 million shares, we think the government could divest its stake without undue pressure on the share price. We are raising our target price by $1.50 to $6.00, on a higher premium to projected tangible book value to reflect our view of C's improved outlook. "

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#3) On May 10, 2010 at 2:00 PM, Bad2dBone99 (< 20) wrote:

Previous +1 rec   :)   

 only once  :(

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