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Nov 5 2007
10:01AM
EST
Citigroup, a Bargain?
At some point, this stock is going to be a bargain. Today, on the conference call, they said that they weren't cuttting the dividend. The yield is now 6 percent. The P/E ratio is down to 8.22. Yes, the write downs are huge but it's not going under, for gosh sakes. I suspect someone is coming in to buy a big bloc of shares before too long. It's obviously a total mess over there, with more write downs to come. But at some point it's bound to stabilize.
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