Acca MP3, Oct.10/08
Q: hey acca you always said .. starts with citi and ends with citi.
Are we waiting on the citi?
Q: acca does the current banking fiasco have any bearing on us getting paid?
A: as i said before i want to say no. Now does everybody understand what does citi group mean, citigroup financial?
lets get something straight here.
that, they are the reason why you are going to be paid the amount you are going to get paid. that’s it. all i have to say.
the demise of citi group. once that happens .. the gates will open for cmkx.
Q; is the demise of citi group the event that we have been talking about for years?
you always said its event driven.. is that the event?
A: i have to answer yes.
Citigroup Is a Sell
Bloomberg.com
Citigroup May Not Report Profit Until Late 2009, Goldman Says
By Jeff Kearns
Oct. 21 (Bloomberg) -- Citigroup Inc., the second-largest U.S. bank, may not be able to report a profit until the second half of 2009 because of worsening credit conditions, said Goldman Sachs Group Inc., which reinstated the shares at ``sell.''
``It will be difficult for Citi to generate profitability over the next 12 months as additional write-downs, lower levels of capital markets activity, and further deterioration in credit quality trends will continue to weigh on the firm's operating results and capital ratios,'' analyst William Tanona wrote.
Citigroup slipped 3.6 percent to $14.55 at 8:23 a.m. in New York. Before today, the shares had lost 49 percent this year.
The analyst added Citigroup to Goldman's ``Americas Conviction Sell List.''
To contact the reporter on this story: Jeff Kearns in New York at jkearns3@bloomberg.net.
Last Updated: October 21, 2008 08:34 EDT
UPDATE 1-Goldman Sachs recommends "sell" on Citigroup
Reuters.com
Tue Oct 21, 2008 8:39am EDT
Oct 21 (Reuters) - Goldman Sachs reinstated Citigroup Inc (C.N: Quote, Profile, Research, Stock Buzz) with a "sell" rating and recommended a "paired" trade in which investors sell Citigroup short, betting on a decline, and buy Morgan Stanley (MS.N: Quote, Profile, Research, Stock Buzz) shares.
Shares of Citigroup, the giant U.S. bank, fell 4 percent to $14.45 in trading before the bell.
"We believe weak economic data will keep the stock under pressure over the next six months and it is tough to see why the stock would head higher over this period," analyst William Tanona said in a note to clients.
Adding Citigroup to Americas Conviction Sell list, Tanona said it will be difficult for the company to generate profitability over the next 12 months primarily due to additional write-downs and deteriorating credit market.
Tanona has a six month price target of $11 on Citigroup.
On Morgan Stanley, the analyst said the company has very limited exposure to consumer credit, which is an area the brokerage believes will provide the most significant headwinds for Citigroup in 2009.
Morgan Stanley will generate profits over the next four quarters, thus adding to its capital base, whereas Citigroup will lose money, thus reducing its capital base, Tanona added. (Reporting by Sweta Singh in Bangalore, Editing by Dinesh Nair)
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Dated: October 21, 2005...
CMKM respectfully requests that the Commission withdraw CMKM’s Petition for Review and institute the Initial Decision of the Administrative Law Judge revoking the registration of the common stock of CMKM pursuant to Section 12(j) of the Exchange Act, effective immediately.
HAPPY ANNIVERSARY...!!??
3 YEARS makes it OFFICIAL... CMKX has been REVOKED longer than it was TRADING...!!
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