[lbo-talk] Alas, poor Citibank!

Doug Henwood dhenwood at panix.com
Wed Nov 7 10:24:12 PST 2007


On Nov 7, 2007, at 1:08 PM, Jordan Hayes wrote:


> Heh. I'm not going to do that (in fact, I just closed out an
> options-based short), but I wouldn't doubt it if Citigroup itself
> loads
> up on their own shares in the 2-3 quarters-out time period, because
> they
> are probably going to get over-slapped for this, and they will see the
> value eventually.

They have to rebuild their capital. Share buybacks are the last thing they should be contemplating now. They've got to cut the div and sell shit off.



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