Lampert's Citigroup Stock Purchase: Brilliant Move
posted on: May 16, 2007
| about stocks:
C
-
Font Size:
There has been a fair amount of pontificating today about Eddie Lampert's purchase of Citigroup (C) stock. I've been critical of Lampert with Sears (SHLD). This, however, is a brilliant move and strikes to the heart of my argument on Citigroup:
No matter what happens with CEO Chuck Prince -- whether he does or doesn't make the right moves -- investors are more likely than not to win by default. (For more on my views of this, check out this post from several weeks ago)
Too many vested parties for any other outcome. This isn't a recommendation to buy, sell or ignore. Oh, and I don't own Citigroup stock. It's merely a yet another opinionated view from the press box, for what it's worth.
Be the first to comment on this article! See below...
- Prosperity Bancshares, Inc. Q2 2008 Earnings Conference Call Transcript »
- Pacific Capital Bancorp Q2 2008 Earnings Call Transcript »
- Delphi Financial Group Q2 2008 Earnings Call Transcript »
- The South Financial Group Inc. Q2 2008 Earnings Call Transcript »
- Headwinds Index: How Long Can Financials Outperform Energy? »
Get Seeking Alpha Free Stock Alerts by Email!
Get Free Stock Alerts by Email!
Loading...
Symbols:
-
Editor's Picks
-
Most Popular
- A Long Housing Boom Won't Yield to a Brief Recovery
- Why Congress Blames Index Speculators
- What Are the Prospects for Stagflation?
- State Street Launches 10 Ex-U.S. Sector ETFs
- Eisai Victorious Over Teva and Dr. Reddy’s in Aciphex Compound Patent Case
- Financials Future Still Uncertain
- Full list of Editor's Picks »
- As WaMu, Wachovia Ready Earnings, Comparisons to Wells, USB Are Telling »
- Apple F3Q08 (Qtr End 6/28/08) Earnings Call Transcript »
- Three Stocks To Be Held To Infinity and Beyond »
- Apple Investors Nervous as Earnings Call Approaches »
- Crazy Dividends »
- Wall Street Breakfast: Must-Know News »
- Historic Financial Collapse Underway? »
- Mother of All Short Squeezes? »
- China Poised to Pounce on U.S. Coal Suppliers »
- Barron's Goes Bullish on Banks, Again »
- Is Natural Gas Down for the Count? »
-
Long Ideas
-
Short Ideas
-
Cramer's Picks
- Buy Costco, Get Sirius -- Cramer’s Stop Trading! (7/23/08)
- Intuitive Surgical's Q2: A Lesson in Errors of Perception
- Chevron: Good Choice for Conservative Growth Investor
- Pfizer Beats: Recommended at or Below $18
- Illumini, Intuitive: This Healthcare Outperformance Brought to You by the Letter 'I'
- Cynosure: Growth Expected as Sales Go Global
- More Bad News for the Anti-Ethanol Crowd
- Financial Focus - Fast Money Recap (7/22/08)
- Soup Target; Cramer's Mad Money (7/22/08)
- Get True Religion - Cramer's Lightning Round (7/22/08)
- Full list of Long Ideas »
- Get True Religion - Cramer's Lightning Round (7/22/08)
- Principal Financial Group Vulnerable to Commercial Real Estate Softening?
- Increases in Shorting, Only for Some
- Is a Ban on Short Financial ETFs on the Horizon?
- Is There a More Efficient Shorting Tactic?
- Short Oil as a Long Investment
- Ford's Financial Services Business About to Enter the Red
- Educational and Training Services Are An Excellent Short Opportunity
- Short Selling: Others Want Protection Too
- The SEC's Campaign Against Naked Shorting: Misguided or Right On?
- Full list of Short Ideas »
- Buy Costco, Get Sirius -- Cramer’s Stop Trading! (7/23/08)
- Soup Target; Cramer's Mad Money (7/22/08)
- Get True Religion - Cramer's Lightning Round (7/22/08)
- Copper Down Low - Cramer's Stop Trading! (7/22/08)
- Banks Hit Bottom – Cramer’s Mad Money (7/21/08)
- Ends In X - Cramer's Stop Trading! (7/21/08)
- Great American Companies – Cramer’s Lightning Round (7/21/08)
- Market Rotation Bolsters Financials - Fast Money Recap (7/18/08)
- For Everything, Wind - Stop Trading! (7/17/08)
- Market Lunacy Provides Opportunity - Cramer's Lightning Round (7/17/08)
- Full list of Cramers Picks »
Most Popular Feeds
-
ETFs
-
US Market
-
Long Ideas
-
Alt. Energy
- Full list of feeds »
Hedge Fund Jobs
Job Seekers:
- Search jobs by category
- Get job alerts by email or live feed
- Apply online
Employers
- See all recruitment options
- Get applications online or by email



