Consensus on C Tomorrow

[kinggyppo]

http://clusterstock.alleyinsider.com/2008/11/citi-s-c-balance-sheet-friday-the-13th-part-xvii

 

[tomahawk]

Quote from luxor:

Will it shoot up $5 or tank to $2 at the open?

I hope it goes up, cause I got my life savings in this thing.

That's madness ... Citi could go to pennies. Might not, but why on earth take that gamble? I sure hope you are young and haven't saved much yet.

 

[TGregg]

Quote from kinggyppo:

http://clusterstock.alleyinsider.com/2008/11/citi-s-c-balance-sheet-friday-the-13th-part-xvii

Here's what the feds are going to send the taxpayers:

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[Anunakki]

Pretty crazy putting your 'life savings' into C. Its probably headed lower.

However, I admit I bought a bunch of 5 calls friday in case something positive was worked out over the weekend.

its a few grand lotto ticket but worth it if it pans out.

 

[athlonmank8]

Makes it go up:
1. Sell off business unit
2. Private investor
3. Buyout

Citi takes mild loss:
1. Citi says nothing.

Citi takes large loss:
1. Government bailout.
2. Ch. 11

 

[turkeyneck]

Quote from athlonmank8:

Makes it go up:
1. Sell off business unit
2. Private investor
3. Buyout

Citi takes mild loss:
1. Citi says nothing.

Citi takes large loss:
1. Government bailout.
2. Ch. 11

How about CEO steps down?

 

[bond tr4der]

BIG moves (positive) in futures, anyone know what the news is?

 

[athlonmank8]

Quote from bond tr4der:

BIG moves (positive) in futures, anyone know what the news is?

just reached a deal on Citi apparently.

300 billion "backstop" on Bad Assets

20 billion infusion @ 8%

not sure on equity stake OR management changes.

 

[athlonmank8]

Quote from turkeyneck:

How about CEO steps down?

Up. We just don't want the government to get the preferred. If they do the common will take a bath.

Doesn't look like they did

 

[bond tr4der]

Quote from athlonmank8:

just reached a deal on Citi apparently.

300 billion "backstop" on Bad Assets

20 billion infusion @ 8%

not sure on equity stake OR management changes.

I assume the $20 billion infusion @ 8% is preferreds.