Citi shares may rebound, could double by 2012: report

trueself

* On Sunday July 26, 2009, 3:15 pm EDT

NEW YORK (Reuters) - Citigroup Inc (NYSE:C - News) shares could more than double by 2012, financial weekly Barron's said in its July 27 edition, citing the company's global footprint and earnings power.


Barron's said Citi stock could hit $4 within a year and $6.50 by 2012 -- but it said it would be "hard-pressed" to approach $10 in coming years. The weekly newspaper said the company's appeal is largely based on the fact it is trading at 65 percent of its project tangible book value of $4.25, a sharp discount.

It has been a difficult year for Citi, which has taken $45 billion in bailouts from the U.S. Treasury's Troubled Asset Relief Program. Citi has given no timeline for repaying its loans, even though competitors such as Goldman Sachs Group Inc (NYSE:GS - News) and JPMorgan Chase & Co (NYSE:JPM - News) repaid billions to Treasury last month.

"No, Citi isn't Goldman Sachs or JPMorgan," Barron's said. "Yet this tarnished but still attractive global franchise holds the potential to generate nice profits and decent stock gains as the economy turns."

(Reporting by Steve Eder, editing by Maureen Bavdek)

penguin

ding

mary666

thanks for sharing!

ajs

希望如此。。。

michaelzhang

thx

maimait

I think citi's potential is much bigger than "double".

JL01

Ding!

http://danericselliottwaves.blog ... nking-laggards.html

Stein

who would like to block the money and wait for 2 years?

trueself

who would like to block the money and wait for 2 years?
Stein 发表于 2009-7-27 10:07

切！我才感觉好些，你又来泼冷水。
seriously ,i will, if i have no other better choices

trueself

6# maimait

i share the same feeling...coz i had a very interesting dream about it

trueself

4# ajs

trust my dream ,it will, someday

dara

4# ajs

trust my dream ,it will, someday
trueself 发表于 2009-7-27 12:03

Possible.

You can buy any garbage stock and get 2x-5x return in 2 years if SPX could go up to 1400+(needless to say to previous high).

It does not mean anything.

trueself

Possible.

You can buy any garbage stock and get 2x-5x return in 2 years if SPX could go up to 1400+(needless to say to previous high).

It does not mean anything.
dara 发表于 2009-7-27 12:08

it does mean something for me at least. 因为我最低期望值，不是挣啥钱，是不赔就行

btw, could you please tell me which garbage stocks can get 2X-5X return in 2years........?  i may consider to buy some and hold it for that period

maimait

if they don't file chapter 11... but that is a big assumption right there.

it does mean something for me at least. 因为我最低期望值，不是挣啥钱，是不赔就行

btw, could you please tell me which garbage stocks can get 2X-5X return in 2years........?  i may consid ...
trueself 发表于 2009-7-27 12:41

trueself

if they don't file chapter 11... but that is a big assumption right there.


maimait 发表于 2009-7-27 12:43

en, everything is possible and i will just keep my hope and dare to risk the risk.....