jimsep

Should Citi Cut Its Dividend?

Wishful thinking. For the big banks dividends are the only thing investors have to hang on to. Recent events show that analysts don't seem to know. Neither do the managements.
Without dividends why would one want to hold financial stocks?

Citi's Dreadful Succession Planning

You are too kind.

Weill created an immoral cesspool of management lackeys and a compliant board of directors who have presided over one of the biggest destructions of capital of any American corporation.

The tolerance for this and the continuing defense of this bank because of its international presence (which I have been hearing about from most Wall Street analysts for over 20 years) never fail to amaze me.

Where is the disgust? The call for real change?

Why is no really smart money making a strategic investment?
Probably because the parts are not worth more than the whole, a fiction that many still cling to.

Why are all injectors of additional capital passive? Because there is a reason to have confidence in management and the board? I don't think so.

Members of the board who have been so since Weill's time should all be ashamed of themselves and resign. Reuben should be the first-- without a golden parachute.

This stock will not be a buy until that happens.

John Reed on Citigroup: A Decade Long Disaster

All this confirms an unanswered email i sent to Tom Brown a while ago. It is highly unlikely that any large bank with the exception of perhaps Chase, has the management to control what they are doing with all the businesses they went into after the repeal of Glass-Spiegel. That also extends to the Investment Banks. If the managements don't know, then analysts clearly don't either.

A voluntary-break up of CITI is problematical. Does anyone really believe that the pieces have any better management than the whole? They are almost certainly not worth what CITI paid for them.

The first step is that the dysfunctional board of directors should be identified and the hapless shareholder should vote them out.

Meredith Whitney Threatens Severe Deflation For Your Portfolio

So many comments on CITI? Why do so many care about this awful company? The fact that the stock held at around $50 for a long time is immaterial. That was because every pundit recommended it (without a convincing reason), and every Wall Street analyst had it on their permanent Buy list. Everyone felt comfortable because of its size.
Evidence suggests that it is foolhardy to go against Whitney and for this board of directors. The next stop for this stock is $15 and soon!

Citi Trading Below Book

1. CITI's book value is a rapidly moving target--- downward.
2. You are probably right about Bank of America-- that stock will crash.

Citigroup: Long Term Value in a Beaten Down Industry

No-one , including management , has any idea of what book value really is although it is very clearly going lower. We'll probably see the dividend cut again or more probably eliminated.

Good luck on this one