BUT the rumors are that it is looking to acquire something - no specific deal on the table just an open eye, but if they did buy something it'd be big, I think it would be in New England since they've been putting up branches there, and they would pay a premium for the assets so the stock price may fall - - so I'd buy some now and some later.
And YES this IS political.
All you idiot Libs bitching about "two Americas" act as if there weren't a freakin' superhighway from the one America to the other - there is, it's called work, save, research and invest.
And here I'm giving you a freebie - ANOTHER freebie. I TOLD you NYX was a buy in the high 80s and it's at 93. I TOLD you drillers were cheap. They're all up. Now I'm telling you that at 51 Citigroup is worth owning even if it sits there because it has a 4.2% dividend which is taxed only at 15%.
It's also recession proof - if the economy dips, the Fed will cut rates, boosting banks' margins.
2007-03-27
09:57:28
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6 answers
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asked by
Anonymous
in
Politics