Vet67to82's Blog : Tangible Book Value Per Share - TBVPS

Pffft....C is basically a "zombie" stock that wouldn't even be around today ifn wasn't for yer tax dollars being wasted. No doubt C will make a new 52 week low sometime in 2010. "Hopefully" it goes bankrupt and then the fokes that were robbed can come in and pick Sheeeyitty Group's assets clean for about 20 or 30 centavos on the dollah. It "should" see $5+ before it crashes n burns. It "might" crash n bern before it sees $5+ tho. Don't be sooprised ifn mr Market deems C "the red headed stepchild" o'the finanshill seckter. Whenst C dilutes shareholder value like BAC did in order to pay back thur TARP money and the markets don't determine it to be GOOG news like they did with BAC for all of 20 minutes...I "hope" you don't ignore the warning signs. C?!!!...LOL...what a POS! I bet you ssssthink F is the best U.S. car company cuz the stock is trading for $9 dollahs now...doancha? Yeah...anudder great "fantasy"....hang in thur, Bucko....and watch me werk my majic *-) 3J

Sorry, JoeJust Joe, apparently you either didn't read the above blog, or perhaps you didn't comprehend the above blog? Tangible Book Value ... what common shareholders can expect to receive if the firm goes bankrupt and all of its assets are liquidated at their book values.

Tangible book value is just ONE metric of fundamental analysis, along with chart analysis, Market direction, Sector direction, Industry direction, good news, or bad news relating to either C or one of its competitors ... ALL, and more, go into a stock's price. It's not "majic" ...

The USA gov't has a chunk of C's stock, as well as "insulating" about 200 to 300 BILLION of C's riskier liabilities .... and C has BILLIONS in CASH.

If you can't beat them, join them.

(Smiling) Other than a handful of buy recommendations, ALL your recomendations are SELL recs, you are clearly a BEAR, but what metric are you using for your sell bias? ... 'cuz clearly, it's NOT working. Perhaps, it's time to give up and join the BULLS ! However, if you think you're right (P&P Score: 0.04 Points: -4186.51 ), then short C, then in a year, we see who made the RIGHT assessment and call.

Oh...OK...ifn C goes bankrupt then all the shareholders get 1.16. I Miss Understood ya. It's GOOG to know they will fare better than the shareholders at General Motors did. *-) I don't join anything "they" have to offer...I deeeestroy em. So keep trackin my port so you will see what I'm tawkin about. Also, ifn you kin put in the GOOG werd fer me that my open UIS play needs to be adjusto'd for a 1/10 reverse stock split several weeks back it "should" help my performance dramatically. Thanks alot. *-) 3J

BTW, fer being nice enuff ta sssplain what you meant about the 1.16 I'll do you a nice flaver too. Yer biggest gainer AMD is about to eliminate your ENTIRE gain quicker then sheeyit thru a goose. Thank me latta oooon...whenst ya axe me how I knew. *-) 3J

Let's look at the chart for AMD:
Advanced Micro Devices Inc AMD:NYSE 12/11/2009 10:47 AM

$ 8.67 +$ 0.09 1.05% Vol 9,102,217

Chart Checkup ( Short term 10 days / 15 min )

Moving Average Price Compare -- No current signals ( Neutral )

Moving Averages -- No current signals ( Neutral )

Bollinger Bands ( Neutral )
AMD is trading within its Bollinger Bands. This is a normal condition and suggests that the stock is neither overbought nor oversold relative to the recent price action.

Stochastics ( Bullish +80 )
The Stochastic Oscillator is registering a bullish signal as the %K line is above the %D; however the oscillator has moved above the critical value of 80 and is now overbought. The overbought condition means that the upwards momentum experienced in this stock is not sustainable.

On Balance Volume ( Bearish )
The On Balance Volume indicator (OBV) presently offers a bearish signal. This is because the slope of the indicator is negative and shows that there is a lack of buying interest.

Price Channel (Bullish )
AMD is trading above its 5 minute price channel. This means that the stock is trading at a new high for the period and the price channel will update to reflect that.

** I like the indicators On Balance Volume, Money Flow, and Momentum to keep me informed as to how the MARKET "feels" about a stock, after all "they" are voting with real dollars

Let's look at the chart for C :
Citigroup Inc ( C ):NYSE 12/11/2009 12:38 PM ET

$ 3.90 +$0.0325 + 0.84% Vol. 125,667,057

Chart Checkup ( Short term 10 days / 15 min )

Moving Average Price Compare -- No current signals ( Neutral )

Moving Averages -- No current signals ( Neutral )

Bollinger Bands ( Neutral )
C is trading within its Bollinger Bands. This is a normal condition and suggests that the stock is neither overbought nor oversold relative to the recent price action.

Stochastics ( Bullish +80 )
The Stochastic Oscillator is registering a bullish signal as the %K line is above the %D; however the oscillator has moved above the critical value of 80 and is now overbought. The overbought condition means that the upwards momentum experienced in this stock is not sustainable.

On Balance Volume ( Bullish )
The On Balance Volume indicator (OBV) presently offers a bullish signal. This is because the slope of the indicator is positive and shows that there is considerable buying interest.

Price Channel ( Neutral )
C is trading within its price channel. This is a normal condition and suggests that the stock is neither overbought nor oversold relative to the price action over the last 5 minute period.

** Again, I like the indicators of: On Balance Volume, Money Flow, and Momentum to keep me informed as to how the MARKET "feels" about a stock, after all "they" are voting their "opinions" with REAL dollars

Basically, I can't see Citigroup selling stock BELOW Tangible Book Value per Share (TBVPS) ... it's NOT in the stockholder's interests, and the USA gov't is a stockholder. I'd say it's too late to pay back TARP simply to avoid the PAY CZAR's decisions. Yes, Citi may lose some of it's top employees ... but, if the underlings, were paying attention in the meetings, and to the instructions they were given ... then they may have a few good ideas of their own .... give them a promotion and a "pay raise" and see if they can do a good, or even great, job ... for less money ... to the benefit of the stockholders ... instead of the egos of those that got us in this spot in the first place.

If anything ... C should buy back the USA stock ... at market value ... it's selling at a discount, but still at a premium to what the USA paid ... and retire those shares .. which'll improve earnings and the TBVPS.

Accounting for the "new" shares issued ( now 28.6 Billion Shares Outstanding ) after I blogged about Tangible Book Value Per Share - TBVPS ... this is C's new TBVPS calculation:

Rev per share (TTM) 6.48
BV per share (MRQ) 5.36
Tangible BV per share (MRQ) 3.93
Cash per share (MRQ) 0.89

... and please note the difference between Book Value (BV) at $5.36 and TBVPS at $3.93,

That $1.43 difference addresses much of the " crap " concerns.