Citibank (C) - Is it a deal?

Based on the recent drop of Citibank share due to the losses of sub-sequence 5-quarters since Q4-07, its share hit 52-week low at $0.97. Thus, let take a look on this particular stock.

Quick look on the 10-yr statement (1999-2008), its average year end PE is 20 (excluded year 2008 due to negative earning). Thus, if Citibank is able to be profitable wihtin 2009 with EOS if $1, its share price might able to rose to $20. Anyway, this is just IF case. Click here for detail!

My average purchase price for this stock is USD3.29 prior and after Q1 09 earning announcement.

Good Luck!

Resorts World (RESORTS (4715)) - Is it a deal?

Based on today sudden soar of it share price to RM2.19 (up 6.83%) as of 3/26/09, let look at some fundamental facts.

According to 2008 Q4 earning, it stated a loss of RM387.942 mil (EPS: -RM6.75). While the net asset value per share is RM1.45.

It might indicate the Q1 earning will be positive...will find out on next month. From privatization a public company perspective at current share price of RM2.19, it is about paying 50% additional premium to buy it (2.19/1.45)

Thus, it is depending how much premium you are willing to pay. Good luck!

Here is the deal:
My target purchase price for this stock is anything below RM2.00, where PE < 18 and Premium Ratio < 1.38.

Is it a good news?

Taiwan Semiconductor Manufacturing (NYSE: TSM) -- a.k.a. TSMC -- is the world's largest chip-making specialist. The company takes designs from fab-less chip designers like NVIDIA (Nasdaq: NVDA), Atheros (Nasdaq: ATHR), and Silicon Laboratories (Nasdaq: SLAB) and turns the theory into real pieces of working silicon. TSMC moved to a four-day work week recently in order to control costs. Now, everyone is back to the factory for five full days per week.

This comes only days after Taiwanese gadget assembly specialist Hon Hai Precision Industries went on a hiring spree to replace workers sacked over the holidays. And you haven't forgotten about the pending consolidation in Taiwan's massive computer memory operations, right? There are big things afoot in Taiwan today.

full coverage:Click Here

Nasdaq is trading at 1500++.

US Job Rate-03-06-09

Employers clipped 651,000 jobs from nonfarm payrolls in February, on target with expectations, though the prior two months were revised to show many more jobs were lost than previously thought. The unemployment rate hit a 25-year high of 8.1 percent, much worse than expected.

Pick from: cnbc

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