Turnarund Investing 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.

Strategies & Market Trends : Turnarund Investing

NOVS 0.0666

-16.0%

Aug 1 5:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: batman10023 who wrote (480)	4/25/2012 10:51:14 PM
From: Good Fundamentals	of 1876

Batman10023, "we owned C in 09. nice trade. did not buy it in 2011 unfortunately. so you are not worried about their europe exposure?" I would be worried a little but the main part of Citibank business is in the U.S. The european assets have been written down too much and will come back big time - unlike those securities on the NOVS balance sheet - gone - gone - gone. The tough part of looking at most fiancials these days is trying to get a handle on the mark-to-market securities on the balance sheet. I bought some C and some RAS a ways back. RAS shows a profit if you exclude the market writedowns - so the guess is how realistic are the market writedowns. FAS 157 and 159 are not friends of beginning or average investors; at least not these days.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next