Consensus on C Tomorrow

Discussion in 'Stocks' started by luxor, Nov 23, 2008.

  1. That's madness ... Citi could go to pennies. Might not, but why on earth take that gamble? I sure hope you are young and haven't saved much yet.
     
    #12     Nov 23, 2008
  2. TGregg

    TGregg

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    #13     Nov 23, 2008
  3. Pretty crazy putting your 'life savings' into C. Its probably headed lower.

    However, I admit I bought a bunch of 5 calls friday in case something positive was worked out over the weekend.

    its a few grand lotto ticket but worth it if it pans out.
     
    #14     Nov 23, 2008
  4. Makes it go up:
    1. Sell off business unit
    2. Private investor
    3. Buyout

    Citi takes mild loss:
    1. Citi says nothing.

    Citi takes large loss:
    1. Government bailout.
    2. Ch. 11
     
    #15     Nov 23, 2008
  5. How about CEO steps down?
     
    #16     Nov 23, 2008
  6. BIG moves (positive) in futures, anyone know what the news is?
     
    #17     Nov 23, 2008
  7. just reached a deal on Citi apparently.

    300 billion "backstop" on Bad Assets

    20 billion infusion @ 8%

    not sure on equity stake OR management changes.
     
    #18     Nov 23, 2008
  8. Up. We just don't want the government to get the preferred. If they do the common will take a bath.

    Doesn't look like they did
     
    #19     Nov 23, 2008
  9. I assume the $20 billion infusion @ 8% is preferreds.
     
    #20     Nov 23, 2008