Is C a buy here?

Is C a buy here

  • buy

    Votes: 24 41.4%

  • do nothing

    Votes: 34 58.6%
  • Total voters
    58
  • Poll closed .
My view is at 6% div’s its better then a cd rate plus you’re buying it at a nice discount. What’s the real down side besides the easy answer of 35 points?
 
Financials are a Bad investment here. Way too early.
Newbie investors always seem to like to catch the falling knife....don't do it.
Dead Money in the least.
 
Nothing has changed with their core position to improve their outlook, nor have they cornered any burgeoning market to allow for a flock of new customers,,

they have diversified to offshore primarily away from being a US consumer servicing bank, except for the wealthy,

so any change in banking conditions in the US won't really add or subtract from their profits too much to make much difference,

so, what has changed to make them a better investment?
 
Quote from brokerboy:

It pays 5.6% in div’s and it’s down 40% for the year. C is not going out of business. I don’t think it’s a trade as much as an investment. In 3 years you would be nuts to think this won’t be higher plus your getting the div. I think its better then having a CD. I can see it not being a buy but I would not shocked if this is a short.
More...

if they have to cut the dividend that 5.6 doesn't matter much. stocks exposed to the subprime mess carry a ton of risk. the accounting for this stuff is horrible.
 
There has to be a bottom somewhere down here. I mean the stock was almost $50 2 weeks ago. However I wouldn't try to pick the bottom here with all the bad news out.
I'd wait for it to start turning back up and then take it for a swing trade.
 
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