What's your feeling on Citigroup (C)?
I began building a large position in Citigroup when the stock was hovering at 3.20. It is now the largest position in my portfolio. This is a long term hold (2-5) years. I believe Citigroup, at this mid 3 price is a generational opportunity and will continue to add to my position at the current price. Why?
1) Citigroup (C) will eventually pay a dividend again.-My theory is that each share will eventually pay a dollar each.
2) Citigroup (C) is getting it's act together and will once again be a good-great company.
3) Citigroup (C) the stock will most likely double this year and eventually return to the teens.
What do you guys think? Anyone else agree and running this strategy? Anyone think I am insane and should dump my money into mutual funds, then find a hobby such as gardening?
As always I value your thoughts and opinions.