Tuesday, November 27, 2007

Meredith responds on Citigroup

"When we downgraded Citigroup shares at the beginning of the month, we stated that it needed to raise equity, sell assets and cut its dividend in order to shore up its capital base,'' Whitney wrote in a note to clients. "Now that it has raised $7.5 billion in equity, we wait for Citigroup to sell assets and cut its dividend."

Cut it's dividend? Now that's an opinion meant just for headlines.

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