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Citigroup Inc. Message Board

  • lawren7615 lawren7615 Nov 27, 2007 6:56 AM Flag

    Whittney 100% sure they will cut dividend

     

    she is on bloomberg

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    • she will not let go--it is her only claim to fame--now we need to hear from Mayo--they seem to be in a race to slaughter Citi.

      I do believe cost cuts and the capital infusion are needed at Citi. It is amazing how the BOD begins to act during the time of adversity. I also find it amazing that all of a sudden they realize how over bloated the company is--and prior to this the company continued to state everyhting is under control--Chuck is the man with the strategy. Now, without Chuck to guide them blindly, they appear to be listening to Gary C. CFO and Pandit--just shows how they failed to hold Prince accountable during his tenure.

      I agree the terms are rich for the equity infusion--but I do believe the investment group is pretty savvy and if the risk was greater--a higher risk premium would have been attached. So let us hope the extent of losses is limited to the $15 billion range and no addition infusions of capital is required.

    • the question is not if , but to what, they could cut it and still be very attractive with 10 yr bonds under 4 %.

    • I'm 100% sure citi will move up today.stfu

 
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