I read Citi's Q3's statement and Q4's statement released on Jan 15. The problem is C does not provide any forecast for the future. Nobody knows how much write-off would be in a quater ahead. Would it turn around? Would it get worse? Citi itself has no clue. Like one of the analyst said after conference call, if its $18 billions, C can easily sell its assets and raise $18 billions to cover the shortfall - protecting shareholder's value w/o cutting dividends.
Congratulations to make profits in bear market
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Thanks, C might be a time bomb?
-胡祈随想-
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01/21/2008 postreply
14:56:15