Jamez64

Citigroup Is Heading into the Single Digits

Hate to rain on your parade, but Whitney is the one who forecasted this mess around a YEAR ago. And analysts and rating agencies do not mean anything, they're paid by the companies they analyze. How many were saying sell when the market topped a year ago? You get what you pay for...

On Nov 06 08:14 AM mik123 wrote:

> Dead wrong. Citigroup was $23 on Oct. 1. There are only 2 analysts
> that don't like the stock. The press gives to much time to Meredith
> Whitney. Any analyst that preaches sell would have been right over
> the past 2 months. Look at companies hitting the mid teens like General
> Electric,Pfizer, Nokia,etc. Go to Yahoo Finance and look at Citigroups
> Analysts estimates and you will find 4 buys,9 holds,1 underperform
> and 1 sell. The lowest price estimate is is $14 and the high of $26.
> Your listening to the only sell analyst Meredith Whitney. She didn't
> give us any of the failed institutions ahead of time so why listen
> to her now.