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Is Citi a buy?
From what I gathered .. 1) The share issue will mean index ETF need to buy C to reweight it correctly in the index - (So means selling will be supported hopefully)2) The book value(if you trust the numbers) before the share issue was around $4+. So, after the X% dilution, you just deduct accordingly (assuming no change in book value). Probably around the share issue price of …
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wealthjourney Posted by wealthjourney User Menu
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on December 18, 2009 at The Wealth Journey

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