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Citigroup Looks Overpriced

NO ONE HAS TO BUY A STOCK, not an individual or a fund trader !!!!! So, it's a multinational bank that loses money everywhere, it that what makes it so special and places a premium on its price?
But most importantly, Citi has already sold/gotten rid of some of its largest revenue engines -- the consumer franchise in Germany, 51% of Smith Barney, the private & commercial bank in Japan, Nikko Cordial, a large Bankcard portfolio, and they are trying to sell quite a few more positive bottom line businesses as well. ONE THE REVENUE IS GONE, IT'S GONE !!!!!
Now, add to this the FACT that Citi is a WEAK consumer franchise in the USA, less than 1000 branches, they are a third tier player. If you go into a Citi branch lately it looks like a ghost town.
On the corporate and investment side, they have been wiped out of talent resources and have lost tremendous market share over the past year. It's easy to lose it and difficult to get it back.
On the management side, Pandit & Parsons are a joke, a rather sad joke. Marginal talent and NO LEADERSHIP what so ever.
So, if you think this is a viable recipe for share price appreciation more power to you

Six Stress Test Revelations

Hey, Mr. Newmam, your take on the "stress test" results is, well, crappy. C is by far the worst. The government assessment ASSUMES the preferred conversion happens. That's why C "only" needs another $5 B.
Gee, take the $45 B they already needed and the conversion plus this last $5 B, and you are approaching $85 B !!!!!!! And of course, add to that the back stopping of $300 B of crap assets and you have a disaster waiting to happen.
Just three questions Mr. Newman, 1) Did you think there was an operational integrety in C's Q1 results, did you like that FASB hat trick? 2) as the unemployment rate ticks up what do you think will happen to C's credit card, installment loan, commercial real estate loan, and mortgage portfolios? What happens when C's "good" mortgages reset from their teaser rates? and 3) how long is it going to take C to get $1.5 TRILLION !!!!!! of toxic assets off the books and how much of a loss will they realize?
C may not go under but, there will be YEARS OF REBUILDING and writeoffs to contend with.

Valuing Citi, JP Morgan: What's in the Piggy Banks?

Throw the CEO and CFO, and while we are at it, the ENTIRE BOARD of C in jail for signing offf on CRAP/DISHONEST accounting like the magical first quarter.

HOW CAN ANTONE BELIEVE IN THE COMMON SHARE PRICE OR RESULTS WITH STUFF LIKE THIS !!!!1