C

thank are good ole friends the saudis for bailing me out of this. credit spread was painful, now I can exit

 

I can now admit I bought in at $33.00.

 

only in 33?

 

Yep only at $33. I now may buy considerably more.

This is good news LONG TERM for C

For me this is a long term position.

I had a feeling something like this Abu Dhabi deal was brewing.

 

How so?
It's a killer coupon is it not?

 

I liked the hot chick's assessment on Citi more than any other

CNBC interview just now

 

It is high but justr read that C's free cash flow is like $24 billion a year and the dividend is like $10 billion a year. So although pricey coupon, they can still affor to pay it and when they turn it around or it gets too high I am sure they will convert the stock so they will be forced to pay a lower dividend than higher status preferred dividend. Then they can cut the dividiend if they are in serious trouble. Either way, despite the cost they can absorb it as of now.

 

HAHAHAHAHAHAHAHAHAHA

*inhale*

LOLOLOLOLOLOL

O
M
F
G

You shouldn't be allowed to participate in the capital markets.

 

I'm a gigantic pussy and can't bring myself to buy. Not surprise to see this die under $30 again.

 

Listen to this info on Citi.
The Whitney audio/video link.....
....90% of their earnings this year will have to go to pay the dividend......NOT GOOD.
http://www.bloomberg.com/index.html?Intro=intro3