Will C or AIG EVER become buys?

[Now is Now]

Quote from Port1385:

I found the article.

ROGERS: Well, I'm short Citibank, first of all, and I'm short the investment bank (ph). That's full disclosure.

No, I mean, listen, Citigroup has over $100 billion of tier three assets. You know what tier three assets is (ph)? These are assets that you can't sell, so you have to make up what you think they're worth.

They've got over $100 billion. I have no idea how bad they are. But this is not over for Citibank, it's not - or Citigroup, as they call themselves now, or for any of these guys.

And ain't that the truth!!!

Toss in LEH and Merrill and Wachovia (too a lesser extent)....we simply have to wait for these guys to be honest...you can make provisions in the balance sheet ,but ultimately it has to get to the income statement...then the shareholders will be feeling very illl...it may take up to another 18 months before all this hits the fans...then duck:eek:

 

[stock_trad3r]

Quote from Port1385:

Two well-known large cap financial companies trading at 11 year lows. One of which has a 6-7% dividend.

Will these two ever be buys? Thoughts?

They are terrible and will never be buys. Dividends are worthless since the stock obviously drops the amount of the dividend.