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Cybersecurity Czar Steps Down
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Google Spends Big in Washington
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Young Entrepreneurs Call for More Congressional Encouragement
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A Nation Divided on Taxes
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Are Intellectual Property and National Security Really Linked?
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Netflix Starts PAC
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JOBS Act Changes Game for Startups
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Investors (and Liberals) Beware! Here Comes JOBS Act
Apr 04 201210:06 am EDT
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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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