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Citigroup Inc. Message Board

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  • infoanalysis infoanalysis Nov 19, 2008 12:36 PM Flag

    CITICORP = book value = $18/shr

    Sure go ahead- I could use some upward volume. I find it difficult to actually assign a book value to an institution who's business is in the debt game. It is tough to keep a book standing if the pages are eaten away by worms;if no one pays off their debts to citi you have a bunch of empty buildings in Manhattan and LIC. Are these worth 18/share?

    I'll never forget as a copier salesman going into the LIC office and seeing the nice- albeit fake mahogany trim of offices in the corner of each floor. They had all these degrees on the wall from Wharton etc. I was so envious, I was really convinced that there was something there. Thank god they don't have balconies.

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