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Citigroup (C) quickly erases a loss of nearly 1% as word of positive comments from CLSA's Mike...
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Monday, December 3, 2012, 12:08 PM ETCitigroup (C) quickly erases a loss of nearly 1% as word of positive comments from CLSA's Mike Mayo filters out. Talking about a breakup of the bank, Mayo calculates $52 as a sum-of-the-parts valuation.
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Like HPQ, the sum of C parts should be MUCH HIGHER than the whole
furthermore, a breakup of the group would create a smaller units that would probably please the regulator as the "too big to fail" would be a little bit smaller...