6% dividend yield.
2007-12-12 09:53:01 · 6 answers · asked by Anonymous in Business & Finance ➔ Investing
Ranto: In the late 90's it was trading at $40 a share, to be more specific.
2007-12-13 10:24:05 · update #1
That dividend won't last too long. After hearing the interview with the new ceo, I don't think there is much to recommend the stock.
2007-12-12 10:09:20 · answer #1 · answered by Anonymous · 2⤊ 0⤋
I have no idea about this stock while I am normally confident in what I should buy and shouldn't buy. The thing that scares me is that another company said they lost 6 billion more. So who knows if C is at its bottom because they might report similar losses next quarter.
I work at a CPA firm and a lot of people are losing their houses and many of them are trying to avoid foreclosure by putting a ton of bills on their credit cards. Some use cash advances to pay their mortgage. For C, since they deal with a lot of credit cards, maybe in the future they can have even further problems because next people won't be able to pay their credit cards off. So they might be hit even harder.
After all those losses, I doubt that C will continue to pay out their cash if they are losing a ton.
I might buy in and I might not. Since I am not confident, I will probably stay away.
2007-12-12 10:19:28 · answer #2 · answered by Dom 5 · 2⤊ 0⤋
You can buy, only if you're feeling lucky and have a while to wait it out.
Smart thing to do would be to buy about 1/4 of a normal position right here, then if it drops lower, say to $26, buy 1/4 more, and if it goes to $20, buy another 1/4, and if it goes all the way down to $10, buy the last 1/4 of your position. If you buy all and once and try to pick the bottom, you may get your head cut off! And be prepared to hold C for several years too.
2007-12-12 10:18:14 · answer #3 · answered by qu1ck80 5 · 2⤊ 0⤋
It is not time to buy just yet. Citicorp has lots of problems to solve, bad loans, top management reshuffling, ability to borrow funds, suits.
The dividend will at some point be cut, but not til next year sometime. The new CEO won't vote to do it til he has been there awhile and sees the company's woes.
Look into Bank of America to invest, as they have a solid dividend, and not as much sub-prime losses.
2007-12-12 10:41:24 · answer #4 · answered by Mr. Prefect 6 · 1⤊ 0⤋
earlier the recession many shares have been at an particularly intense cost. human beings would desire to forgot those numbers and not base present day fees on what those shares have been merchandising for a number of years in the past. Its a various industry and those fees are long long gone. Now, you do communicate .ninety seven to $5, so a minimum of you're conscious of the present cost of the inventory. presently i think of the inventory is priced at the place it extremely is going to likely be. the organization remains dropping funds (working earnings is unfavourable), a unfavourable internet earnings, and so on. There are some signs and indicators of lifestyles, yet i could think of over the subsequent 3 hundred and sixty 5 days or so it would desire to attain the $5 mark, yet no longer too plenty extra beneficial than that thinking the economic equipment. A .ninety seven purchase could have been super, yet with the economic sector falling like flies it could have been achieveable (ok, larger possibility to purchase at that cost). i could stay away
2016-10-11 04:00:20 · answer #5 · answered by ? 4 · 0⤊ 0⤋
What are you talking about? Citigroup stock is worth ten times more than it was 14 years ago?
Are you ignoring splits?
2007-12-12 10:56:24 · answer #6 · answered by Ranto 7 · 1⤊ 0⤋