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Thomas Keefe

Thomas Keefe
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  • Why Citigroup Will Not Be a Multibagger [View article]
    Your analysis is flawed because it fails to consider how a share buyback program, which Citi will likely undertake, could increase the firm's share price. Conservative estimates indicate that Citi will undertake an $8 billion buyback in 2012, which would still leave the bank with a $15 billion capital surplus at the end of 2012 over Basel III requirements.

    Author, please update your analysis to include a buyback program. I am interested in whether or not you believe this will change the outcome.
    Jan 26, 2011. 04:04 PM | 2 Likes Like |Link to Comment
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