Filed under: Citigroup Inc. (C)
The free-fall in the shares of Citigroup Inc (NYSE: C) have been breathtaking. I’ve been thinking of picking up some — but, then, somehow the stock goes down even further.
Yes, it’s usually not a good idea to catch a falling knife.
But have investors overdone things?
Perhaps so — at least according to a piece in Barron’s [a paid publication].
Keep in mind that Saudi Prince Alwaleed bin Talal, the biggest individual shareholder in Citi, is a bull. And he’s been an investor since the early 1990s (a time when things looked bleak for Citi).
Basically, he thinks investors are in the panic mode. And, no doubt, this could be a big opportunity — especially for long-term investors.
Interestingly enough, the Prince is also upbeat on Citi’s diversification model (often called a global “financial supermarket”).
To get some more perspective on things, I actually talked to a marketing/pricing expert, Rafi Mohammed. He is the author of The Art of Pricing and a consultant to major companies.
According to him:
Continue reading Barron’s: Banking on a Citi comeback?
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