Plus citi is a direct competitor to FXCM. Of course their going to paint FXCM in the dullest of light. Tank their stock price and ruin their name. All in an effort to gain market share. Pretty unethical. Citi's analysis was based on a sales price of the marketcap the day before the franc jumped, 1.2 billion. They also made there analysis as if FXCM was not going to be able to pay back the loan. Well with net income at 60 million per quarter it's going to take some time and restructuring. I'm betting there will be a weekly updates starting tomorrow after the market closes. Finally, in I-banking, a company buys and sells a revenue stream on top of assets. Current value is 3-5Billion. When this loan gets paid back and the company is sold, at the greatest market value, the value/cash to the company is going to be between $15 and $20 per share.
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