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  • Atlas Siblings Each Offer Different Opportunities [View article]
    well, i don't know what Citi's analyst is missing. But then again, Citi has proven a truly remarkable capability to forecast markets and potential threats and opportunities - not to the least in their own industry (banking) and to position accordingly for the current environment. In short, analysts are trendfollowers par excellence and Citi's analyst may just be extrapolating the negative trends with an overly pessimistic bias. Forget about analysts in general - they are basically backward looking in their predictions.


    On Nov 15 11:16 PM SWHM wrote:

    > Citibank analyst cut the target to $9 on 11/14 based on fear that
    > APL will violate debt covenants in 1Q09 if oil stays around $65,
    > which Citibank assumes. If so, the banks would renegotiate and charge
    > higher interest rates, etc. This would drastically reduce the distributions.
    > This seems contrary to Cohen's comments during conference call and
    > the existing hedges. What is Citibank missing?
    Dec 01 10:51 am |Rating: 0 -1 |Link to Comment
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