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!
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