NYSE:C

Citigroup Inc. (C)

122.69
+1.65 (1.36%)
as of Oct 27, 2026, 8:00:00 pm Market Closed.
143 watching
0
DON'T BUY
Coming out of this, we are going to see financials with much less leverage and will be heavily regulated. Won't be seen as growth companies anymore. Wait until it is much clearer.
DON'T BUY
Absolutely no visibility in their business. Nobody knows what is behind the balance sheet at this point. There is huge risk in this one.
DON'T BUY
Potential for further dilution through the US capital assistance program is a little too great. It strikes him that this may be one of those stocks that does not come out of this turmoil with a reasonable business plan.
DON'T BUY
This one is so cheap that the option play becomes very difficult. You're not going to be able to make too much of an options play on a $2 stock.
DON'T BUY
Highly volatile and you would have to have a very strong stomach to either go long or short. There are all kinds of issues and you don't know what the federal government is going to do. Eventually these companies will find a base and move sideways and don't try to get their first 100%.
PAST TOP PICK
(A Top Pick Feb 20/08. Had a stop at $24 that would have given a gain of 21.6%.)
DON'T BUY
Bank Of America (BAC-N) and Citigroup (C-N) are big challenges to invest in. Low prices are telling you that investors are concerned that equity holders are going to get wiped out.
DON'T BUY
Nationalized? It is quite possible that he is sceptical based on the news that they are trying to get private equity in there, which indicates they want to keep it in public hands. There are a lot of political issues.
DON'T BUY
Bank of America (BAC-N) and Citibank (C-N) have become trading vehicles. Enormous volatility/volume on a daily basis. Not many “investors” buying these stocks and won't buy until they understand what the implications are of the bailout and how toxic assets are going to be valued.
DON'T BUY
Dividend cuts have happened twice already, which shows that management really doesn't know what the disease is within the firm. Would avoid US banks entirely until there is some visibility.
COMMENT
Thinks a lot the risk is out of these bonds now that the Federal Deposit Corp is allowing them to borrow under the guaranteed program but he would favour Wells Fargo (WFC-N) more.
SELL
He is looking for an exit on this stock. Not enough visibility.
PAST TOP PICK
(A Top Pick Dec 20/07. Down 73%.) Sold in April. If you own, continue to hold.
SELL
(Market Call Minute.) There is still an enormous amount of risk on the balance sheet.
HOLD
There are some positive things going on with this company. New capital injection today doesn't hurt.
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