andrewh10

Citigroup's Flush

Why would you want to tie up funds investing in a longer term loser of a bank when there are far superior choices out there (JPM, WFC, or GS). I can understand a short term trade in C if you picked up some shares under 20 and sell them in the 25-28 range. However you should understand that you are playing with fire taking that risk. C still has a ton of terrible assets and they should probably sell larger assets to raise some serious cash like Smith Barney. C has lost all of it’s glamour which it really never had to begin with and the employees performance are just not trustworthy. What other major company seems to physically “blow up” every three to five years? Perhaps Prince and former leaders are to blame for most of the problems but regardless the future does not look bright. The dividend is probably not sustainable and the equity should give lackluster returns going forward very much like a MER or LEH might I add. With the amount of leverage and "dumb money" deals these firms made they deserve to under perform for quite a while this show has not even reached intermission yet.