Citigroup Stocks?

I might do a short sale on it. It was and is run by a bunch of folks maximizing their bonuses at the expense of the shareholders. Blue chip?? Only in your dreams.

Having both made and lost money on Citibank stock, and having worked for them for almost twenty years, I would suggest you look elsewhere for the time being.

They have forged ahead to become the No.1 Financial Institution in the U.S., but have left a sorry trail behind.

Although they are very active with mortgages, this business is weighing heavily on their total situation (they can be considered a conglomerate since they do various businesses connected to financial).

There is no clear resolution of the mortgage mess now going on.

With properties still over valued, and homeowners eager to sell or abandon properties heading for foreclosure, there is no way anyone would want to take a chance on Citi until the dust is clear.

People want to see a speedy solution to the economic mess stemming from mortgages way above what people can pay, and filtering down into other industries...has yet to be played out.

There is a huge inventory of unsold houses, and many homes for sale with no takers, and Citi stands right smack dab in the middle of this mess.

For decades, real estate was a steady income producing vehicle, but the tide has turned, and (again) you need to wait longer to see when things will shape up again.

For all I know, the mortgage mess may last a very long time, and may bring Citi to it's knees as was the case in 1991, when the 8 th. richest man in the world (Prince Alwaheed bin salal al Saud) came to their rescue, and bought 10% of it's outstanding stock at the low price of $9.00 a share.

So, friend, wait...

Some ideas for these times would be commody related companies, pariticularly located in Brazil.

I share your anxiety. I am coming into $40,000 in about one month, and I have been looking at Citigroup, as well as Bank of America.

Are we near the bottom?

I firmly believe these stocks have the potential for 50% plus gains in the next 18 months.

But when do I get in?

LOL.....I don't know!!!

I would wait till things shake out but I am interested in Citigroup group now that it is so cheap. They also pay a hefty dividend so take that into account when you are looking at the PE.

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