InvestorsHub Logo
Boards
News
Market Data
Markets
Discover
Discover
Subscribe Login/Register
S&P 500
5,460.48
(
-0.41%
)
US TECH 100
19,181.60
(
-0.43%
)
Dow Jones
39,118.86
(
-0.12%
)
Brent Oil
84.85
(
0.00%
)
Bitcoin
61,284.72
(
0.64%
)
Post# of 481996
Next 10
Reply Private New
Public Reply Private Reply New Post
Keep Last Read
Replies (1) Keep Next 10 Report Keyboard Shortcuts
Replies (1) Next 10 Prev Next

BullNBear52

Send PM Follow Ignore
Followers 132
Posts 201560
Boards Moderated 19
Alias Born 12/16/2002

BullNBear52

Member Level

Re: F6 post# 51189

Sunday, 12/02/2007 9:44:20 AM

Sunday, December 02, 2007 9:44:20 AM

Post# of 481996
2 years ago they were buying back their own stock at $47 pps.

Fearing they would have too much capital, banks bought their own stock at high prices, benefiting shareholders who were fleeing. Now they must sell shares at low prices. Kathleen Shanley, a bond analyst at Gimme Credit, points out that in 2005 and 2006 Citigroup spent almost $20 billion buying back stock at an average price of about $47 a share. Now it is raising $7.5 billion from Abu Dhabi on terms that pay the Mideast nation 11 percent a year for three years. Abu Dhabi will end up with stock purchased at prices of $31.83 to $37.24. Buy high, sell low.

#msg-24921942

Speaking of Youtube, I'm constantly stunned at how much credence people put in it today.

However if you really want to understand the subprime meltdown this video does it quite well...



The SIV's explained. lol.

For those who understand no explanation is needed, ...For those who don't none will.

Public Reply Private Reply New Post
Keep Last Read
Replies (1) Keep Last Read Next 10 Report Keyboard Shortcuts
Replies (1) Next 10 Prev Next

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.

Sign Up