Jacob Jordan - Seeking Alpha 'Jacob Jordan' Tag RSS Syndication from SeekingAlpha.com SeekingAlpha.com http://seekingalpha.com/author/jacob-jordan Citigroup: Levitate Above the Frenzy http://seekingalpha.com/article/133562-citigroup-levitate-above-the-frenzy?source=feed 133562 In the brief (yet worrisome) storm of nationalization fears, trying to locate a market bottom, and waves of uncertain earnings releases, Citigroup (C) is still standing. You absolutely cannot surmise the prospects of this stock based on the volatile movement between Lehman Brothers' (LEHMQ.PK) collapse and the earnings release.

Unfortunately, many longs are subconsciously still judging the stock within the Lehman Brothers context. Citigroup could very well plummet to 2.50 or even 2.00, post-conversion. Vikram Pandit could be replaced (whether that is good or bad is for another post). BofA (BAC) or [[JPM]] could come out with some horrible news that drives the price of Citi down. Citi may be one of the banks that require more capital infusion.

]]> Tue, 28 Apr 2009 05:48:24 -0400 Jacob Jordan In the brief (yet worrisome) storm of nationalization fears, trying to locate a market bottom, and waves of uncertain earnings releases, Citigroup (C) is still standing. You absolutely cannot surmise the prospects of this stock based on the volatile movement between Lehman Brothers' (LEHMQ.PK) collapse and the earnings release.

Unfortunately, many longs are subconsciously still judging the stock within the Lehman Brothers context. Citigroup could very well plummet to 2.50 or even 2.00, post-conversion. Vikram Pandit could be replaced (whether that is good or bad is for another post). BofA (BAC) or [[JPM]] could come out with some horrible news that drives the price of Citi down. Citi may be one of the banks that require more capital infusion.


Complete Story »]]> BAC C KBE XLF Jacob Jordan Why I'm Holding On to Citigroup Stock http://seekingalpha.com/article/128648-why-i-m-holding-on-to-citigroup-stock?source=feed 128648 Citigroup (C) has quickly become one of the most rotten, stench-producing equities on the market. From taxpayer infuriating bailouts, to non-existent dividends, to Citi’s desperate attempts at asset rebuilding vis-à-vis self-amputation (think Nikko Cordial), all the way down to the suspicious “leaked” memo concerning its operating profit expectations, it is in a sorry state. At the moment, however, I am determined to remain long on this sick puppy. Fundamental to my thinking is the fact the U.S. government now has a near 40% stake in the bank, and nationalization—at least the de facto kind that leads to shareholder wipeout—is off the table. Forget the “too-big-to-fail” rhetoric.

Regardless of the truth of this, the government has put its money [my taxes] where its mouth is and purchased about 36% of the company’s common stock. Hold onto this for a moment. Consider Citi’s recent repurchasing of mounds of the evil mortgage-backed securities which got it where it is in the first place. Why would Citigroup (and Bank of America (BAC)) disregard its Treasury-sanctioned obligation to lend out the bailout money it received, thus priming the loaning mechanism of our economy like we were told? Why would it take that money and buy more of those bad debt obligations? That is very strange behavior, at least at a cursory look.

]]> Tue, 31 Mar 2009 05:23:36 -0400 Jacob Jordan Citigroup (C) has quickly become one of the most rotten, stench-producing equities on the market. From taxpayer infuriating bailouts, to non-existent dividends, to Citi’s desperate attempts at asset rebuilding vis-à-vis self-amputation (think Nikko Cordial), all the way down to the suspicious “leaked” memo concerning its operating profit expectations, it is in a sorry state. At the moment, however, I am determined to remain long on this sick puppy. Fundamental to my thinking is the fact the U.S. government now has a near 40% stake in the bank, and nationalization—at least the de facto kind that leads to shareholder wipeout—is off the table. Forget the “too-big-to-fail” rhetoric.

Regardless of the truth of this, the government has put its money [my taxes] where its mouth is and purchased about 36% of the company’s common stock. Hold onto this for a moment. Consider Citi’s recent repurchasing of mounds of the evil mortgage-backed securities which got it where it is in the first place. Why would Citigroup (and Bank of America (BAC)) disregard its Treasury-sanctioned obligation to lend out the bailout money it received, thus priming the loaning mechanism of our economy like we were told? Why would it take that money and buy more of those bad debt obligations? That is very strange behavior, at least at a cursory look.


Complete Story »]]> BAC C Jacob Jordan The Long Case for Akeena Solar http://seekingalpha.com/article/61655-the-long-case-for-akeena-solar?source=feed 61655

Akeena Solar (AKNS) is a solar energy company that has a very bright future. I myself am long on Akeena, and its stock comprises well over a third of my portfolio. Several things about Akeena should impress the inquisitive investor:

1.) Firstly, the company’s bank approved a credit line increase of $17.5 million– from $7.5 million to $25 million. This fact emerged in late December, just after I found out about Akeena’s existence. I was already impressed with the gist of what Akeena does– solar installation. While I do not know how quickly I would be willing to call this an economic moat, the huge credit line increase demonstrates the faith that financiers have in the prospects of the company. “They must be planning some kind of significant expansion,” I thought. My interest in the company was acutely heightened.

]]> Fri, 25 Jan 2008 08:10:40 -0500 Jacob Jordan

Akeena Solar (AKNS) is a solar energy company that has a very bright future. I myself am long on Akeena, and its stock comprises well over a third of my portfolio. Several things about Akeena should impress the inquisitive investor:

1.) Firstly, the company’s bank approved a credit line increase of $17.5 million– from $7.5 million to $25 million. This fact emerged in late December, just after I found out about Akeena’s existence. I was already impressed with the gist of what Akeena does– solar installation. While I do not know how quickly I would be willing to call this an economic moat, the huge credit line increase demonstrates the faith that financiers have in the prospects of the company. “They must be planning some kind of significant expansion,” I thought. My interest in the company was acutely heightened.


Complete Story »]]> AKNS Jacob Jordan