Citi's writedown; How bad??

Quote from stocktrader2007:

They are going to put a decent quarter

buried on the third page of the bloomy story is this: "for the full year, Citigroup had a $3.62 billion profit, down 83% from 2006."

Given the year it's been; given the run of profit up till now, that's a pretty good showing.

Just get that balance sheet shored up baby.

Let the street price in the worst.
 
Quote from Bogan7:

So what? Why is that bad news? They will also slash the div which is a good move in my opinion and to anyone who is yet to buy the stock.

i guess they didnt slash enough? :confused:
 
Back
Top