5 Corporate Giants at Wholesale Prices

Giant #4: Citigroup (C)

We all know that the banking system in this country is in deep peril.  The disaster was so complete that a Republican-led administration was forced to jump to the rescue with a massive bailout. Will it be enough? The market is suggesting that more trouble is ahead.

Citigroup (C), for example, is on its ways to retesting the lows on fears of another capital crisis. The huge bank is rushing to liquidate assets, including its brokerage division. Some suggest that selling now is a mistake and only signals that the bank is in huge trouble.

At these low prices, does it matter? I think not. The only real issue is survival, and the government drew the line in the sand last fall with Citigroup being on the list of those that will be protected at any cost.

Bet on survival here with an investment in this huge name at this low price.

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