Skip to main content
No. of Recommendations: 1
what do you guys it time to open the first position or wait for there Q4 earnings report...

I wouldn't be in any kind of a hurry on this one:

2ND UPDATE: Citigroup Restates Quarterly Earnings Down By 3 Cents A Share
NEW YORK (Dow Jones) -- Shares of Citigroup Inc. fell again Monday, shedding nearly 5% after the company ousted chairman and CEO Chuck Prince over the weekend, warned it would take more than $8 billion in new mortgage debt-related write-downs and said its third-quarter profit would be 3 cents lower than previously stated.
[more at:]

Citigroup Shuffle Raises Breakup Talk
NEW YORK (AP) — Charles Prince is walking out Citigroup's doors with potentially millions in his pocket, leaving behind a bank that many believe needs serious therapy.
Investors are not only worried about the $8 billion to $11 billion the bank expects to slash on its investments. They're also concerned that Prince's successor as CEO may not administer the bitter medicine many say the bank needs to revive, including lancing some of its businesses.

Citigroup Inc. shares plunged $1.83, or 4.9 percent, to $35.90 Monday.

Many market watchers have said Citigroup's stock would soar once Prince was out. But shareholders' displeasure was not with Prince the person, but rather his unproven strategy and hesitancy to break up the nation's biggest financial services company, built by his predecessor Sanford I. Weill.

Chairman Robert E. Rubin and acting CEO Sir Win Bischoff have indicated that they plan to continue with Prince's strategy, keeping Citigroup intact and focusing particularly on international operations.

[more at:]
Print the post  



The 2009 BMW Method Conference has been cancelled, due to minimum attendance numbers not being met. We hope to continue the annual BMW Method Conference tradition next fall.

Learn about the first four conferences on the BMW Method Website.

The BMW Method FAQ

BMW Method Website
Annual Conference Videos and Other Resources & Services
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.