Citigroup facing further big write-downs

Discussion in 'Wall St. News' started by Cdntrader, Feb 24, 2008.

  1. dinoman

    dinoman


    Go back and look at WorldCom.
     
    #11     Feb 25, 2008
  2. C cut @ oppenheimer sees .70 vs 2.90 consensus for 2008.

    Meredith Whitney strikes again. Sees 30% drop in C shares.
     
    #12     Feb 25, 2008
  3. Whitney and colleague Kaimon Chung also cut their earnings estimates on large U.S. East Coast banks by an average of 29 percent for 2008 and 13 percent for 2009.
     
    #13     Feb 25, 2008
  4. razor99

    razor99

    i would urge anyone considering a position in C to do so with the utmost vigilence. C is going into the teens in my opinion as further write downs as well as looming credit card losses mount. i daytrade but would never even think of investing in Citi at these levels. expect more pain from the whole sector.
     
    #14     Feb 25, 2008