Seeking Alpha
Seeking Alpha Portfolio App for iPad
Finance
(1)
Market Currents

Disappointed Citigroup (C) has decided not to chance a Fed rejection by applying to return...

  • Tuesday, June 12, 2012, 5:08 PM ET
    Disappointed Citigroup (C) has decided not to chance a Fed rejection by applying to return capital to shareholders this year, Bill Ackman remains pleased the company's intrinsic value continues to grow, even if the share price doesn't. He believes share repurchases - which now will be put off until at least 2013 - will be a key catalyst for the stock price. (full letter, .pdf)
Track new comments on this story

This news story has 2 comments:

  •  
    so what you are saying here is dump the stock because it's going to remain at this price around $26 or can even go lower, but it won't go any higher because nothing will get done till 2013??
    13 Jun 2012, 02:25 AM Reply Like
  •  
    Doing nothing is far preferable to what these morons have been doing.
    (no offense to morons).
    15 Jun 2012, 12:24 PM Reply Like
LATEST|
TODAY SO FAR|
YESTERDAY
Other date
DJIA (DIA) S&P 500 (SPY)
Latest Articles on Financials
More Latest Articles »