The 3.15 price point is simply too low. Everyone is talking about it, but the fact remains the low price will cause high demand. I will most likely enter Citi on the back of this secondary.
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhu8omI0yona3USiB29TgURwvkVq1J8NXORMlcxKdm0dYMJ-f6pHCmKiMvTfn0c_IfjLOqENLm_2q1Gs6-3GHJa7NwWnmt84YEnmvzuL3H_9O09ydVZMATnDUViy53Jb-uwjLq7_wUzlak/s400/sc.png)
Make no mistake, I am no fan of Citi, their culture, their management or pretty much anything about the company. It is an over bloated piece of crap that should be dismantled. Pandit is a complete joke, and Citi even more of a joke for grossly overpaying for his below average Hedge Fund.
Irrespective, at the price of the secondary and a stable economy, 3.15 is too low of a price. (They still have some pretty interesting assets. They just need a real leader to turn this piece of led into gold.)
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