To dance with a devil?
I have to admit that I am tempted. What tempts me? Booze, tobacco, flesh stocks? No. Citigroup (C). Yes, I consider C to be a devil. I don't like credit card companies as a group. I think in the past they have exhibited predatory behavior towards their client base. Now, with this in mind, I have to admit that on the surface C looks like it is destined to go back to a traditional bottom on $30 when all this mess shakes out. At the time I write this it is going for just shy of $3.00. Even if it takes ten years for it to go from $3 to $30 that would be a great rate of return. I am tempted to throw just a few hundred dollars into C as a "gamble. I want to know your opinion if you think I am "speculating" down the right road. Would you do this? Have you done this? All input of a constructive nature is welcome.