C

Quote from stock_trad3r:

The div is worthless since the stock drops on the ex div date by the amount of the the dividend.
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I don't normally pile on, but this one is stupid from any POV: intraday, swing, position, or super-long term value investor like Buffett.
From the latter's POV, the div is extremely important. It's one of the ways he gets paid back.
To understand the div in this one, you have to understand that over the last few years, it was upped by 10% every year. This is very important to someone investing for income.
Now that there is no prospect of an increase in the foreseeable future, the stock had to drop to compensate for the loss of the likelihood of the usual increase happening. On top of that, you had the likelihood of it actually being cut.
If it gets broken into pieces, the div will be in extreme danger, of course, and that means the stock will have to change ownership from an income-oriented base to a cap-gains oriented base.
Consider that your first lesson in Stock Investing For the Long Term 101.
Do not continue until you pick up and read and understand "Securities Analysis" by Graham and Dodd. Seriously.
 
Citigroup Names Pandit CEO to Clean Up Subprime Mess

Citigroup Inc. named former Morgan Stanley President Vikram Pandit as chief executive officer to help the largest U.S. bank recover from at least $9 billion of mortgage losses under predecessor Charles O. Prince.

Pandit, 50, takes over effective immediately, New York- based Citigroup said today in a statement. Win Bischoff, the acting CEO, will be the new chairman, replacing Robert Rubin, the former U.S. Treasury secretary who stepped in to the role when Prince resigned Nov. 4.

Pandit's appointment caps a five-month ascent from overseeing the bank's alternative investments to heading up trading and investment banking. His responsibilities now include U.S. and international consumer-banking -- businesses he has never managed.
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http://www.bloomberg.com/apps/news?pid=20601087&sid=a0E2M0ZGUtdI&refer=home

Anyone know who this guy is? Is he CEO material? Notice that Bob R jumped out of there and but fast....
 
Quote from trefoil:

...and they buried the announcement under the Fed decision. Weird, strange, not a good sign.
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Very sneaky. Announced at roughly 2:15.
 
Quote from a529612:

Very sneaky. Announced at roughly 2:15.
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Mmm hmm...

Couldn't get it past me though. :D

Reminds me of that scene in "Mars Attacks" where the general is going forward to meet the martians for the first time. He calls his mom and says , " See Mom, I always told you if I just kept quiet and sucked it up, eventually I'd get somewhere...."

Wonder if this guy knows what he is in for. Doubt it.
 
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