Welcome to Slider's Dugout Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Welcome to Slider's Dugout

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: jim_p who wrote (6885)	11/5/2007 5:45:59 PM
From: The Ox	Read Replies (1) of 50234

Citi posted $62 BILLION in NET INCOME for the past 3 years (2004-2006). finance.yahoo.com Yes, writing down $11 billion is a huge hit. Yet it is less then 18% of their EPS from the past 3 years. Should the stock fall, yes. But lets not make this out to be more then it is. How much did JDSU write down with respect to it's SDL merger? From: Message 23999127 Over the next year, the company unraveled, firing 24,000 of its 29,000 employees. It announced a $38.7 billion write-off because the value of the companies it bought had fallen and said 75 percent of its inventory was worthless and could never be sold. JDS restated its earnings for the first three months of 2001. Citi's market cap is $180 Billion. Yes, writing down 11 billion is a huge hit but let's not act like its the end of the world as we know it!

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next