arizonamikes

What Is Citi Stock Worth?

In an artical by, Seeking Alpha, yesterday, I asked the quetion,"What is the value of C based on it's present PE of 33-35. Today we get a responce. I would'nt call it the right responce.

Meridth Whitney has a proven track record. With-in the last month Meridth has stated the value of Citi (C) to be $10.00 a share, Bank Of America (BAC) to be valued at $17.00 a share. How do you figure she came to these conlusions? Who's right the author of this artical or Whitney? Since it seems that there are so many stock market cheerleaders these days, especially in the are of financial stocks, we always have to ask, "what is the motive of the cheerleaders." I recall Lehmans statements about C in the last few days. What Lehman is really doing is trying to support their own industry. According to one reporter, 'you shouldn't expect industry or CEO's to come out and say negitive things about their business. They want you to buy their STOCKS.' And that's what these guys r, is "pitch men."
We don't know what C or BAC will be worth in the future. Many people thought they new Bear Sterns was going to be worth something. Bear's CEO told us evry thing was great just 2 weeks before it crashed.
We are in a "fix" here in American. The general popultation has been relagated to low paying mealingless jobs. We have been keeping our heads above water with ARMS for our homes, even 2nd homes, credit for cars, credit for gasoline, and now even paying for our food with credit. All this is coming down around our ears. And the banks will feel this along with the mortgage companies.
How can our country continue succesfully with out jobs that take our natural reasources and put them together to make a products. This is the basis of a country, and has been since the beginning. As long as we give jobs to China our country will continue to sink.