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Hypothetical reverse stock split ratio
Approximate number of shares of common
stock outstanding plus shares of common
stock reserved for issuance (as of January 31,
2010) following the Reverse Stock Split
(millions of shares)
1 for 2 15,660
1 for 5 6,246
1 for 10 3,132
1 for 15 2,088
1 for 20 1,566
1 for 25 1,253
1 for 30 1,044
The actual number of shares outstanding after
giving effect to the REVERSE STOCK SPLIT, if
implemented, will depend on the reverse stock
split ratio that is ultimately determined by the board
As of this date: We would guess the 1 for 5 ratio to be inline with BAC.
AS LOAN LOSS PROVISIONS GO DOWN, C PROFITS GO UP
ReplyDeleteLOAN LOSS PROVISIONS WILL GO DOWN EACH YEAR, JUST AS THEY DID THIS PAST QUARTER.
''Citigroup was able to offset ongoing loan losses with strong trading revenue, similar to some of other big banks that reported results last week. The New York-based bank, among the hardest hit by the credit crisis, earned $4.4 billion, or 15 cents per share. Analysts had been expecting a slight loss.''
Thoughts?
Also, Dick Bove says bank stocks look terrific --video
nietzschesportfolio.blogspot.com/
Yeah, we are bullish on Citi. If they have a 0.15 per Q this year and using 10X earnings you get $6.00 a share, and this is being conservative.
ReplyDeleteSold out of position on stop-loss. Time to reevaluate.
ReplyDelete