C target price by year end?

Quote from Nine_Ender:

C is a bad investment going higher strictly due to speculators.
The balance sheet is terrible any downturn in the market this one dives first ( along with BAC, SIRI, etc etc ). Remember, at one point without government intervention this stock was worthless.

Markets aren't efficient otherwise its a $1 stock at best. NO P/E because they lost money. Huge risk given there is no guarantee they don't have all sorts of financial losses hidden underneath their official results.

Smart investors wouldn't touch most US financials right now; better to go with banks with huge brokerage results.
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+1
 
Quote from Nine_Ender:

C is a bad investment going higher strictly due to speculators.
The balance sheet is terrible any downturn in the market this one dives first ( along with BAC, SIRI, etc etc ). Remember, at one point without government intervention this stock was worthless.

Markets aren't efficient otherwise its a $1 stock at best. NO P/E because they lost money. Huge risk given there is no guarantee they don't have all sorts of financial losses hidden underneath their official results.

Smart investors wouldn't touch most US financials right now; better to go with banks with huge brokerage results.
More...

+1

This is just a retail Investor flow after all the positive numbers and thats all.

IF it was a good investment "big Players" would have caused a rally long time ago.
 
Citi's ABC Price/Time Targets...
Here is my prior Citi post in June 2010
http://www.elitetrader.com/vb/showt...200565&perpage=6&highlight=suri&pagenumber=13

Regards,
Suri

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Quote from suriNotes:

Target on Citi is $5.50.
Targets are marked on the chart.

Regards,
Suri
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So with 29 Billion shares you value the company at a cool $160 Billion. How much they earning this year ? Most Canadian banks have a PE around 14 so that would mean they should make approx 11.42 Billion profit per year to be fairly valued at $5.50.

I'd love to hear your earnings forecasts maybe I'm just not understanding this situation fully. Or maybe you're not ?
 
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