Discussion in 'Stocks' started by ASusilovic, Jan 15, 2008.
Citigroup: $18.1 billion in pre-tax write-downs
Citigroup to get $12.5 billion capital injection
Citigroup to cut quarterly dividend to 32c a share
Citigroup: Investments from Singapore, Kuwait, bin Talal
Citigroup: Preferred stock to have 7% coupon
Citigroup to offer $2 billion of convertibles to the public
Citigroup: Sanford Weill, New Jersey to invest
WSJ reporting $22 billion in write-downs and consumer credit losses
Dont appear too bad. Better than expected.
No wonder the shorts covered last week. They knew it was way oversold.
Citi says Tier 1 capital to be at 8.2% after new investments
Agree better than expected (some of write down is for employee cuts), if Retail sales are decent and PPI is in line then we rally big today on the back of this news and MER's cash infusion.
Wow. How in the hell can a company post these ridiculous numbers only to see their stock rise premarket?
They essentially bummed money from some poor foreigners in order to avoid bankrupcy.
Only on Wall Street.
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