Just A Normal $18 Billion Year...

[Urban Ranger]

Bill Parish says there's less to Citigroup's income statement and market value than investors realize. ......

Parish, a self-employed financial adviser in Portland, Oregon contends that Citi's numbers are misleading. He says Citigroup is a "watered stock" because it issued billions of shares during the past three years to fund the acquisitions that created it. The stock-based purchases let Citigroup escape goodwill costs for the buying spree, he contends. Without those costs, Citi's earnings look better than they are, spurring investors to bid up the shares.

He wrote that in 2001, BTW.

[JohnT]

.... looks at calendar....

Of course, stock price and P/L statements are totally different creatures, but yeah, whatever.

[pchang]

Originally posted by DanS


Mr. Prince was from investment banking, meaning to me that he works 24/7. Could you do that?

I already do.

[DanS]

I already do.

Hah! You Apolyton poster, you!

Do you put in 120 hour weeks? Be honest!

[Ned]

Chuck is a lawyer. He and I worked together at one of Citigroups predecessors on the legal staff.

[Lancer]

Tax them! TAX THEM!

[DanS]

We already have! That's $18 billion after tax!

[Lancer]

"We already have! That's $18 billion after tax!"



Dirty capitalists

[DanS]

They're filthy rich!

[Japher]

Chuck is a lawyer. He and I worked together at one of Citigroups predecessors on the legal staff.

Kewl... Lawyers make some of the best CEOs and buisness owners imo... Accountants are right up there too. Strange, that when I think of getting an MBA I also think that maybe I should go into law or accounting instead.

My wives company went bankrupt about a year ago. Since then a bankrupt attorney has been running the show and he has tripled revenue, increased earnings by more than 10 fold, and they are now think about going public again... The board of her company offered him the CEO job, but he turned it down. He likes rebuilding companies.

[Lancer]

"They're filthy rich!"

To me a million is the same as a billion.

-Out of reach.

[pchang]

Originally posted by DanS


Hah! You Apolyton poster, you!

Do you put in 120 hour weeks? Be honest!

For the last 3 weeks I have been travelling constantly on business. I have returned home at about midnite on Fri. night only to leave again on Sunday afternoon. On Satudays, I am writing up reports of what happened the previous week and taking conference calls.

[chequita guevara]

Originally posted by pchang
For the last 3 weeks . . .

Your job sux!

[Japher]

To me a million is the same as a billion.

-Out of reach.

Money's value is based on it's worth, or what it can get you... What can $1 get you in the phillipines, or where ever it is you want to retire?

[Lancer]

Japher, you're right. I'm a millionaire a something like dozen times over...in the Philippines.

Right now it's something like 55 PHP to the USD, which means that it's fairly easy to be a millionaire there, and being a millionaire still means you're fairly rich.