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Strategies & Market Trends : Contrarian Investing -- Ignore unavailable to you. Want to Upgrade?

To: Kirk © who wrote (1716)	11/8/2007 10:55:29 PM
From: pcyhuang	Read Replies (1) \| Respond to of 4080

re: C, Kirk, you may find this interesting. Citigroup Crisis Trendline As Citigroup (C) continues to descend down its seemingly never-ending slide, we looked back at the performance of C's stock during previous financial crises. As the chart shows, if you draw a trend line from the lows reached during each crisis's bottom, the stock is currently sitting right on it. We also compared the magnitude and duration of the decline during each crisis. Currently, in terms of the size of the decline, both the Russia and Enron induced collapses were greater. If we measure the decline by duration (prior peak to trough), the current 45-week decline is shorter than both the Orange County and Enron declines. Finally, we also looked at C's valuation at the low of each crisis. With a current P/E of 9.7, C's trailing P/E ratio is lower now than it was at the lows of the Russia and Enron crises, but higher than the 6.8 level reached in 1994 during the Orange County Bankruptcy. pcyhuang