They are a basket case who has weathered the storm with some of the biggest boys in banking thus far. They have alot working against them, but they aslo have the federal government vested in them at a 30% stake. Shedding assets and anything that will gain negative press (Phibro) is a good move for them right now. It is obvious that Federal regulators have no love loss for Vikram Pandit when they take every open opportunity to "eyeball" his faults. Things may appear a little shakey, but as long as citigroup can keep their heads above water before the government cashes in on their shares, city is going to keep gaining momentum. They may a basket case right now, but if I'm right many may need a basket to carry their gains. In short, time will tell.
$4.75 (10/16/09)
