Recent Blog Posts
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The Bill That Wouldn’t Die
Nov 21 20099:30 pm EDT -
Republicans Talk Turkey on Health Care
Nov 20 20093:54 pm EDT -
Contracts Stolen From Veterans
Nov 19 20093:57 pm EDT -
Main Street's Credit Crunch
Nov 18 20095:41 pm EDT -
Criminalizing Failure
Nov 17 20095:55 pm EDT -
Casablanca on the Potomac
Nov 16 20095:22 pm EDT -
So Big It Will Fail?
Nov 10 20093:02 pm EDT -
Health Care’s ‘Wild West’
Nov 09 20093:57 pm EDT -
Obama's Secret Jobs Plan
Nov 06 20093:13 pm EDT -
Health Bill Wins Key Support
Nov 05 20093:15 pm EDT
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Nov 05 2007 12:00am EDT
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.
