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Strategies & Market Trends : Value Investing

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To: Paul Senior who wrote (29082)11/27/2007 3:47:25 AM
From: Madharry   of 78740
 
citibank got a $7.5 Billion equity product cash injection from abu dhabi. Seemed like a great deal for abu dhabi 11% yield to conversion, which is in 2010, and it will save citibank from having to cut the dividend. I guess it wont save the job cuts though. I guess the stock will rally some on the news. Morningstar analyst had a valuation on Citibank way higher than the current market price.
Perhaps its time to repurchase my xlf puts.
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