Is Citigroup in play??

readytoretire answered one year ago …

Played out is more like it. The company is too big for most companies to even think of buying. It would overshadow all but the biggest. It was the poster child to use and abuse. Now that it has just about collapsed, I think the players will move onto something else. Not much money to be made here. If left alone, its cash flow is equal to its price, so it should be able to power its way back. It appears to have a sufficient amount of cash, so it is the result of all the talking heads having nothing to say except sound bites to keep you listening. And what better than pick out a company and talk them down.