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Citigroup Inc. Message Board

  • us_army_airborne_sean us_army_airborne_sean Jul 27, 2009 8:53 AM Flag

    Let's be Honest About Citigroup

    This is a longterm powerplay. Think Ford and General Motors at their bottom prior to GM going bankrupt.

    Both were blue chip company who's stock had been severely beaten up by hard economic times. That's a little bit simplistic but it's basically the case.

    There were two possible outcomes for both cases. 1: The company goes bankrupt and you lose your investment. 2: The company eventually recovers and you make a ton of money.

    That's what we have with Citigroup. The companay has been severely beaten up by hard economic times. The 52 week high is many multiples of the current stock price so any "bad" fundamntals are already built in. Either the company will go bankrupt or you're going to make a ton of money. But I do think it's safe to say Citigroup going under is NOT going to happen. It's very unlikely to happen on its own, and worst case scenario the government won't LET it happen.

    Those with the discipline to hang on through the ups and downs will be richly rewarded. This is one to add to your portfolio and just forget about for a while. I wouldn't recommend it as your most major holding, but as part of a well diversified strategy.

    Good luck.

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