Citi group is cutting 4,500 jobs worldwide after Bank of American announced planning to cut 30,000 jobs earlier of this year. It seems like the worldwide economy is still doing bad~ by the way, is it a good chance now to collect Citi's shares? Citi now is trading at USD 29 something and it went up to max USD 502 before at May 2007 which is before the prime crisis.
Let us use USD 502 divide with USD 29, that is 17 times different! too much!? then we divide 2 again, it still 8.5 times different! how many years do u think it can recover back to the half of USD 502? 5 years? too short!? How about 10 years? it is very likely..
10 years give you 8.5 times return is it enough for you?
Some might think Citigroup will bankrupt, but I can very sure to tell you, Citi will not bankrupt, if she bankrupt, then whole world are in deep shit, same as if Maybank bankrupt, Malaysia also will deep shit~
Let us use USD 502 divide with USD 29, that is 17 times different! too much!? then we divide 2 again, it still 8.5 times different! how many years do u think it can recover back to the half of USD 502? 5 years? too short!? How about 10 years? it is very likely..
10 years give you 8.5 times return is it enough for you?
Some might think Citigroup will bankrupt, but I can very sure to tell you, Citi will not bankrupt, if she bankrupt, then whole world are in deep shit, same as if Maybank bankrupt, Malaysia also will deep shit~
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