Citigroup Inc. (NYSE: C) benefits from Abu Dhabi Investment
Posted by ~Ray @ 2007-11-27 20:37:34
"Tuesday's $7.5 billion capital infusion in Citigroup Inc. (NYSE: C) by the investment arm of the Abu Dhabi government "reinforces the fact that America is a great place to drop," an economic adviser to U. S. President George W. Bush said Tuesday. Allan Hubbard director of the National Economic Council said in an converse with CNBC that the investment by the Abu Dhabi Investment Authority shows that "foreigners desire to put their dollars here."Asked about the home give and ascribe problems hitting the U. S.. Hubbard said while the number of mortgage foreclosures ordain increase they be just a small part of the country's "gigantic" economy. The bulge of the economy he said is doing "just fine."Hubbard said financial markets would be helped by greater transparency in financial products. "There's uncertainty about the determine of a lot of these financial instruments," he said. Bottomline:Citigroup Inc. (NYSE: C) is one of in the world. Although Citigroup is not included in the 20 innovators comprising for 2007 at the current valuation where it is at five year lows. Citigroup is a great BUY. Citigroup is a great company that will stand the evaluate of current sub-prime crisis and come out with flying colors. The patient investor will be rewarded. If you agree with Warren Buffett's and Benjamin Graham's approach to value investing the best investment opportunities are when great companies' stock valuations are drink owing to merchandise fluctuations or merchandise reactions to short-term trends. Once Citigroup hires a worthy CEO and gets into execution mode the likelihood of success in 2008 and beyond far outweighs the likelihood of failure. Citigroup has too many good assets and has the size to withstand the current crisis.
Benjamin Graham recommended that investors spend measure and effort to analyze the financial state of companies. When a company is available on the merchandise at a determine which is at a discount to its a "" exists which makes it suitable for investment.
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http://creativityandinnovation.blogspot.com/2007/11/citigroup-inc-nyse-c-benefits-from-abu.html
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