I have no special insight into Citigroup (C) other than noting:
-Its been a huge round trip from 1995 to 2006 peak and back
-It traded 750 million shares today
-It gave up a quarter of its value. It trades like its going to go to zero.
Is Citi TBTF (too big to fail) ? Are its liabilities that much greater than imagined? Can it be zeroed (like WAMU), and its assets and accounts divided between JPM and BofA ?
Prince Alwaleed has now (almost) gone roundtrip on his 1991 purchase — 17 years and nothing very little to show for it. (Not adjusted for splits — anyone know how many splits this has been thru since 91?)
Looks like Citi was around $2.50 when he made his buys, so the stock has a ways to go — but not far. Plus, he has reloaded a couple of times now, he may very well be underwater.
Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.