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Joseph Bonanni profile image enzojoe

Joseph Bonanni

$1.14
9/08/08
$1,251,770.78

18
02/20/09
32.8%
25.2%
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Stock Pick by Joseph Bonanni

C: Troubled Asset Relieve at its finest

Start trading C with real money!

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5 ratings
Posted 97 days ago on 8/16/09

C will go UP
$5.00 on 9/16/09
$4.20 (3.96% from time of market call)

Unfortunately Citi groups balance sheet is plauged with none performing loans, mortgage backed securities, and commercial real estate holdings. If you quantify all this data it looks bad, but because of policy implications from the federal government and future plans of the abolishment of Citi holdings this looks like a promising investment. Short run fluctuations shall remain volatile but because of policies established and enacted by the federal government that spare Citi from having to liquidate assets at extremely depressed values Citi shall rise once again.

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