We, the people, deserve the same opportunities given to Sheiks! On Cigroup (C) we want the same deal offered to them! November 27, 2007Posted by deminvest in C Citycorp, stocks that pay high dividends.
No, I don’t have $7.5Billions, but I still want to get $2000 of equity units that pay an 11 percent annual yield until they are converted into Citigroup common shares at a price of up to $37.24 a share between March 15, 2010, and Sept. 15, 2011.
I’d love to get 11% yield for four years! Also I am pretty sure that stockprice for Citicorp will be well above $37.25 in four years: it is less than a yearly 5% growth for four years. Most stocks have much more than such a lousy performance.
I am a stockowner of Citigroup since years. Why don’t I get the same opportunity given to Abu Dhabi government?
Not only those dumb Citigroup managers trew away my stock-owner’s money on stupid sub-prime speculations. Now they are giving 11% yield and diluting my stocks 6.5% to those Sheiks, without giving us shareholders the same opportunity.
This is crazy and unfair!
We, the people, deserve the same opportunities given to Sheiks! Yea we don’t have $7.5 B, but together, if we want, we can put up some nice amounts too.
Yes it is time for us, the people, the poor to own the same banks where we humbly enter intimidated by the magnificence of their solid institutional looks. That mainly for two reasons:
1) We understand very well what banks do (and do to us, their humble customers!)
2) Us banks are extremely successful and competitive businesses amazingly cheap to buy.
3) We can now buy banks for peanuts… Yes I already said that on 2)… But I like the idea, don’t you?
4) I believe that World (and US) economy is still strong and stock prices will soon restart to grow.