Citigroup, Inc. (C)
A diversified global financial services holding company whose businesses provide a range of financial services to consumer and corporate customers.
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Wasn't able to grab it at a buck but hard to lose still under $2.
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I'm afraid city is in bed with the politicians, and we'll have a very slow recovery, I hope I am wrong, heavily invested.
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Still waiting to put my money in, I think it might drop a little more but when the time comes I know it will shoot up.
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Under valued by market compared to peers. Great franchise working through some short term issues. Pays you while you wait with a 4% dividend yield. Largest shareholder is demanding action to turn business around. Sock away that dividend while you wait.
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NO PLACE TO GO BUT UP
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Bank will do well with chnages and current cash flow to pay TARP. Management is leaner and should start to show a continuing stream of profitable quarters. Although industry is still not well ,C is on the recovery list toward hihs in the 20s
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downward trend, only for a year or so
*note, jump back on positive for a big rise after gas/oil drops and consumers start using more credit
When / if oil drops, financial companies should SOAR
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govt commited to allow their survival, will end up higher eventually
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citi- in my opinion with free money from gool ol OBAMA should, I think should do like other bank's that got free money! If you got free money you should be able to make something. J
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the mortgage mess is still working it way out of the financial industries its going to take more time to get their foothold back.
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The company has had problems with lawsuits in the past couple of years that caused bad publicyas well as charges against earnings. I believe that these problems are mostly solved. The yield curve sould normalize in the next few months and that would be very positive for all financial institutions.
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They have written off everything including the sink. The incredibly strong earnings will lift this company to at least 75% of their highs from last year within the next 12 -15 months.
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Beat down more than justified.
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citibank is gonna get whapped, just like a lot of banks, as they recoil from the shock of our aug 17 meltdown. money is cheap now, but banks have it put away. they're sick of losing money on us!
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Have you been watching cnbc?
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I dont think this company will be taken over by a foreign company, I tyhink we will see a shift since the Bear Stearns incident, the mass public will need to depend more on credit and credit cards and financing. Boosting companys such as this
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If the company survives the subprime disaster it's profits will rise.
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Citi brings American integrity and innovation to Asia, and its Asian CEO knows that only too well. Look for Citi to fly high as Asia's top bank in all dimensions. Too bad if your eyes and mind are closed. I expect C to be at $7 in a month and $25 in 2 years.
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Citi may be a zombie propped up only by bailout money and enthusiasm

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