Citibank (C) - Buy, hold or sell?
i personally love Citibank stock and feel that it will go between $8 and $16 by 2012 meaning that it will hopefully atleast double.
Citibank is trying to re-invent itself by focusing on asian markets and the local markets have dried up. Their extensive knowledge base will be a big plus for the Asian markets and Citibanks revenue and profits should get better than ever in the next 3-5 years which means there is tremendous upside in the stock possible.
even thought i have sincere doubts that this stock will go back to $40 back in the next 3 years, i think this is possible between the next 3-7 years! even if that happens in the next 7 years, it's a great return on investment!
well obviously the downside is that if any of the 'derivatives' deals sitting in the balance sheet of citibank go wrong, it can explode the balance sheet and put the company below again...
For people who have invested at much higher levels, my personal recommendation is to hold the stock for the next few years that there seems much more upside than downside.
In summary, i recommend buying Citi stock especially under that $5 price levels.
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