dmarc117 Posted March 5, 2009 Share Posted March 5, 2009 C Citigroup trades to fresh lows below the 1.00 mark (0.99 -0.14) Quote Link to comment Share on other sites More sharing options...
Shorttynaz Posted March 5, 2009 Share Posted March 5, 2009 Crazy!!! I used to work for Citi a few years ago and their stock was considered low when it was at $48/share. Good thing I sold it a few years ago when I did!!!!!!!! Quote Link to comment Share on other sites More sharing options...
cre8tiff Posted March 5, 2009 Share Posted March 5, 2009 (edited) Crazy. Since they are close to being a pennystock, is NOW the time to buy it? I mean jeez, 100 shares would be the price of a good dinner out. Edited March 5, 2009 by cre8tiff Quote Link to comment Share on other sites More sharing options...
dmarc117 Posted March 5, 2009 Author Share Posted March 5, 2009 Crazy. Since they are close to being a pennystock, is NOW the time to buy it? I mean jeez, 100 shares would be the price of a good dinner out. if you dont mind possibly losing a buck Quote Link to comment Share on other sites More sharing options...
Jackass Posted March 5, 2009 Share Posted March 5, 2009 (edited) The cost of using one of their ATM's is more than a share of their stock. Edited March 5, 2009 by Jackass Quote Link to comment Share on other sites More sharing options...
TimC Posted March 5, 2009 Share Posted March 5, 2009 Congress to Examine Mark-to-Market Accounting If Congress gets it's head out of it's collective ass and suspends or alters this, you'll see bank stocks go up 100% in a minute. Of course, that means 2 whole bucks for C. Quote Link to comment Share on other sites More sharing options...
wiegie Posted March 5, 2009 Share Posted March 5, 2009 any share price for Citi over $0.00 merely reflects the expectation that the government is going to transfer wealth from taxpayers to Citi's shareholders. Citi is insolvent and the government should take it over. Quote Link to comment Share on other sites More sharing options...
wiegie Posted March 5, 2009 Share Posted March 5, 2009 Congress to Examine Mark-to-Market Accounting If Congress gets it's head out of it's collective ass and suspends or alters this, you'll see bank stocks go up 100% in a minute. Of course, that means 2 whole bucks for C. Mark-to Market really ain't the problem. Quote Link to comment Share on other sites More sharing options...
wildcat2334 Posted March 5, 2009 Share Posted March 5, 2009 Crazy. Since they are close to being a pennystock, is NOW the time to buy it? I mean jeez, 100 shares would be the price of a good dinner out. take the old lady out and go enjoy a steak Quote Link to comment Share on other sites More sharing options...
Yukon Cornelius Posted March 5, 2009 Share Posted March 5, 2009 Congress to Examine Mark-to-Market Accounting If Congress gets it's head out of it's collective ass and suspends or alters this, you'll see bank stocks go up 100% in a minute. Of course, that means 2 whole bucks for C. i said somthing about mark to market about 3 weeks ago. it was bad in the 20's and its bad now. Quote Link to comment Share on other sites More sharing options...
Yukon Cornelius Posted March 5, 2009 Share Posted March 5, 2009 Mark-to Market really ain't the problem. its part of it... Quote Link to comment Share on other sites More sharing options...
JoJoTheWebToedBoy Posted March 5, 2009 Share Posted March 5, 2009 The cost of using one of their ATM's is more than a share of their stock. Quote Link to comment Share on other sites More sharing options...
wiegie Posted March 5, 2009 Share Posted March 5, 2009 I just read that McDonald's added Citibank to its dollar menu. Quote Link to comment Share on other sites More sharing options...
cre8tiff Posted March 5, 2009 Share Posted March 5, 2009 I just read that McDonald's added Citibank to its dollar menu. I just heard on CNBC that they will now give refunds in Citibank stock when they run out of McNuggets. Quote Link to comment Share on other sites More sharing options...
Big John Posted March 5, 2009 Share Posted March 5, 2009 I just read that McDonald's added Citibank to its dollar menu. What happens if you try paying for the meal with a Citi card? Quote Link to comment Share on other sites More sharing options...
Atlanta Cracker Posted March 6, 2009 Share Posted March 6, 2009 Here's the good news if you buy the stock. The current book value is around $3.50 per share after the whole government preferred conversion takes place and traditionally the stock trades at some multiple of that. Here is the bad news... Remember what one building Bear Stearns headquarters was worth per share and what the stockholders got ? Here is the worse news... the government, with a 40% stake in Citi won't be too likely to make sure the other shareholders get any portion of that book value if things get worse. Instead of buying Citi I would go to Vegas!!! Quote Link to comment Share on other sites More sharing options...
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