What is the value of citigroup/citicorp? There’s a lot of speculation, and a lot of gambling, that’s for sure. It is not a value buy.
But I’m curious to hear what others think. And I’m curious to know what they analyzed in order to develop their opinion. Because the normal sources of information (income statements and balance sheets, etc) are as worthless as the promises of a politician.
The only arguments I’ve heard for buying Citi are 1) Little to lose vs much to gain (which doesn’t account for the relative likelihood of each) and 2) Citi can’t and won’t fail so eventually it must go up.