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Tuesday, September 15, 2009

Treasury and Citigroup

Citigroup approached Treasury about a way that the Government could sell its 34% stake.

Supposedly the stake would be sold in pieces, in a massive ATM (at the money offering) or in one gigantic offering.

I'm surprised that these talks have progressed as much as they have, even though they are in the "early stages."

6 comments :

Anonymous said...

Is this why C is getting beat down? Or is the stock consolidating for the next leg up? A lil under water now from my entry

Anonymous said...

Is it time to double down on C...sort of lost why its down when everything is up

Anonymous said...

bump

Palmoni said...

The Citi story is the Govt supposedly unloading, and the street getting short before it. I'll have a story soon, but Citi did a $5 billion raise tonight, using the TLGP from the FDIC. C is a buy here.

Eugene said...

does the current price (4.12) reflect the $5 billion raise?

Anonymous said...

sounds good. thanks P. got worried a bit but everything seems to want to go up.