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."
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6 comments:

  1. AnonymousSeptember 15, 2009 at 10:34 AM

    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

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  2. AnonymousSeptember 15, 2009 at 3:41 PM

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

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  3. AnonymousSeptember 15, 2009 at 6:21 PM

    bump

    ReplyDelete
  4. PalmoniSeptember 15, 2009 at 9:01 PM

    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.

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  5. UnknownSeptember 15, 2009 at 10:00 PM

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

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  6. AnonymousSeptember 16, 2009 at 12:45 AM

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

    ReplyDelete