Citigroup Might Get A Reprieve

The government gave Morgan stanly 20% of its Citigroup stake to sell. I estimate that they are likely close to disposing of it. Under current market conditions I doubt that they will sell additional shares. I would not buy Citigroup based on this but at least they might stop underperforming. The problem is that the better the stock does the more likely the government is to sell. Its a catch 22.

No comments: