Monday, July 21, 2008

Citigroup Q2 Loss Narrows..Buy Citigroup?

So Citigroup Q2 loss was narrower than forecast. Their net loss was 54 cents per share. Compare that to a year earlier profit of $1.24 per share, and you would think that things were bleak. However this was widely expected as Citigroup is part of the mortgage meltdown and this was bound to happen. Now, I'm not saying anyone should run out and buy Citigroup, but they aren't going anywhere. And at these prices, I think that in a few years a lot of people are going to kick themselves for not buying shares below $20 a share.

5 comments:

Sean Hinton said...

Hey Paul,

I enjoyed your post on Citi. Next time you're writing a post about a publicly held company, you should consider embedding a stock chart.

You can easily embed any stock chart from www.wikinvest.com in your post with just a snippet of HTML. This is a lot simpler than taking a screenshot of a static chart, cropping the image in a photo editor, uploading it to your blog, and putting it in your post.

And, an embedded Wikinvest chart is better for your readers because it's interactive - they can click, drag, pan, zoom, and play with the chart on your site without a page refresh.

Here's a good example of an embedded stock chart in action: http://www.techcrunch.com/2008/07/31/wikinvest-gives-the-world-embeddable-interactive-stock-charts/

Could you try it out in one of your posts and let me know what you think/how we could improve the charts? You can create your own chart at http://www.wikinvest.com/special/Embed_Stock_Chart?ticker=C

Thanks,
Sean

Anonymous said...

Citi closed at $3.65 today, 4/19/2009. Perhaps a counter example to your investing theory? - a random user who found your site from a google search

Mike said...

I like the way you put info in this post I wonder if I can use some of this in my Stock Market Analysis Website & in my new eBook, waiting for your response & thanks a lot for sharing that with us.

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paulwk said...

Anonymous, Citi is around $48 a share today.