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Citigroup Inc. Message Board

  • mturner_71 mturner_71 Sep 30, 2010 8:25 AM Flag

    Morningstar's Take

    Years of binging on growth and failing to properly integrate acquisitions finally caught up with Citigroup. The credit crunch exposed the reckless risk-taking and poor controls the company hid during the boom times. A struggling management and changing board have been forced to seek government aid three times and, ultimately, are looking to break up the company. While the company repaid part of the government aid, Citigroup's pre-crisis shareholders are left holding less than 20% of a company that is still trying to shed excess baggage.----------but it looks sooo cheeeeap!!!!

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    • ha!

      Well stated. People think they're buying the old C that was at $70 /share for just $4.

      Well.. they're really buying a mouribound pig in a poke that is subject to harsh new regulations that will further limit its already pathetic cash flow projections.


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