Portfolio Killers: 8 Zombie Stocks to Avoid

Zombie Stock #3: Citigroup (C)

Citi has more toxic assets than the landfills around the New Jersey Turnpike. Its balance sheet is a wreck, and its off-balance
sheet assets of mostly unknown quality are up to $1.2 trillion.

The government is the largest shareholder, and Citi will eventually have to break itself up, a process that began with the placement
of its brokerage arm into a joint venture with Morgan Stanley (MS).

True shareholder value: zero

NEXT: Zombie Stock #4 – Fannie Mae/Freddie Mac