C - Citigroup - Page 418

I guess will see once they start to lower the amount of shares available and announce a share buy back and Divy's.... Along with starting to make profits.... Smart money is buying now.... IMHO of course....

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ummm... not to be rude, but to make a dent in their O/S, it will take a $100,000,000,000 buyback. Ain't happening.

so smart money wasn't buying when it was 1, 2, 3, 4.. but they're buying now at close to $5? Sounds like the "smart" money takes the short bus...

also how much dividend could they possibly announce? lets be realistic for a second.. Let's say they announce a 5 cent dividend per quarter, which would be 20 cents a year.

28 billion x .20 = $5.6 billion spent on a 4% yearly dividend

Im with Charulz and USMC. I own a huge amount of citi stock, and ive been buying in blocks since it was around $1.75. Im already sitting at a very nice profit but I intend to hold it for the long run even though it probably wont move out of the $4-$5 range for a while. I know it wont be going anywhere until theres a reverse split. To the guy saying $25 a share? Theres no way thats happening with the current amount of outstanding shares. That would give Citigroup nearly a $700 BILLION market cap. Not happening.

So realistically what you do you guys think will happen with this? Costs too much to R/S (at least significantly) and too many shares existing for it to trend significantly higher. Is it just going to float around this $5 mark indefinitely until someone finds some solution?

I haven't an interest in owning this stock (at least not right now) but I do think it's an interesting case to watch and follow.

Their is only 1 solution a R/S, unless they want to buy back shares for the next 20 years. The problem is people don't like R/S because they end up with less shares then before and stocks usually sink after a R/S because the stock has to find its new 'price'.

LOL.... Then why don't you put your money where your mouth is? Seems like you think you know what you are doing.... I bought 10,000 shares of C.... At around $4.70 average.... So why don't you do the opposite and short 10,000 shares and hold for the next 10 years.... Lets see who will be out of money at that point....

1.) Government out....
2.) Starting to profit already....
3.) Almost have the Government paid back....
4.) All you talk about is the O/S.... You know once they start to make a lot of money they can change that in a heart beat right?
5.) They run business in over 140 Countries....
6.) You guys are talking about the share buy back not being much.... I'm sure once the Economy is back in order they will have plenty of money to buy back shares....
7.) Arn't you the same guys that told me not to buy LVS at $1.50 to $3.00? Rode that to $40 BTW....
8.) Maybe do some DD.... Or just keep saying the O/S Is too big.... Then short it.... Pretty easy....

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Obviously right now they arn't that attractive.... This is why big money is loading up now.... And I will be selling my shares 10 to 20 years from now....

P.S. GO BLACK AND YELLOW!

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Of course I would lose. They will have the R/S done by then. This is stuck in the small little channel just like I said last April. It ain't coming out of the channel w/o a R/S. Smart money waits on a 28 billion O/S and does not get emotional.

Let me add this... If you're a straight investor (4-5 year time frame), I would say buy all you can now and just ride through the r/s. Keep in mind a R/S is not bad. It's all relative as long as they don't dilute after the R/S. The problem with a R/S is the psychological factor. That's what makes them suck.

I agree with the long term hold. When they do the R/S, I would imagine a 1:10 which would leave the stock at 2.9 Billion. Then they could always BB shares. With 2.9 Billion and a stock price of $45-55. I think they will announce both next year together. Dividend and R/S. We will see

Love this stock. 24% gain for me so far.

1 for 10 is pretty drastic. I think a 1 for 2 or 1 for 3 will do the trick

No way. With 28 billion they need to do a 1:10 at minimum.

Here's a moron post back in early 2010. It's like, hey dummie, they have 28 billion shares.

Fasten YOUR seat belt for citi WILL SEE $5, 6, 7 AND THEN TO THE MOON citi will go over $10 and beyond. Pandit says $20 Billion that means $34 Actually it's closer to $27 per share if you do the math and divide the outstanding shares with earnings of 20 billion. Still not a bad return When you look at the join announcement that came from FDIC, federal reserve and the treasury The main point of TARP announcement was not to rescue the banks, it was to let the world know that every tool that the treasury had in the bag was available for the banks in order to restore the confidence in US financial markets and "ALL" the regulators will stand behind the US financial system. CITI is the big part of the US financial system and they will not, I repeat, they will not allow it to fail. Common people this is so simple....Get in shut up and relax. CITI will head above $10...When who knows but it will not fail....Don't let the shorts scare you out of your shares. Shorts are wrong period. They want to repeat what Paulson did couple of years ago and they are just too late to the table. Going long is the only way on the "financial" stocks. CITI has the backing of the government with them holding shares or not and "ALL" and I repeat "ALL" the regulators and FDIC and Federal Reserve and treasury will be behind CITI 100% for good of USA. Wrote by Adel Bahman Country

Right. I keep thinking their market cap is currently at $28 billion, not their outstanding shares at 28 billion

I retract my comment about the 1:2 or 1:3

I disagree that this stock can't move up much because of its O/S. If this is a 100 billion dollars company then its share price will reflect this accordingly. If this is a 200 billion dollars company then its share price will reflect this accordingly. I don't know if this stock is going up to 7-10 dollars but I do know that its O/S is not preventing it to. C hasn't gone up beyond 5.5 because it hasn't proved to be a company to be worth over 150B. This whole R/S talks reminds me of the talk that we had with the gov't dumping its shares. 90% of the people here were saying how that will lead to sub 3 prices.

When would be then good time to get some of the Citi's shares? Thoughts?

Currently trading at 4.90, your top upside could be $6.00 but that could be third quarter. It really all depends on earnings. I will say this is a good company but the problem is there is about 28.5 Billion O/S. Because of that, you wont see a high price until they do a R/S which will probably be around a 10:1. I think C will definitely will be in the $5.25-5.35 range by March. Having said that, it has been doing a pretty steady pattern where you can swing trade at 4.75-4.95. The last 3 weeks this has been pretty consistent. Just a couple of thoughts for you. Good luck.