Why is it not trading on par with BAC when BAC actually has more troubles? Why is it stuck under $4 and do you think it will eventually go back to the teens or higher?
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Buy them. Those shares are trading below half of their book value. Although earnings have been negative for more than a year now, with the last quarter they have improved to only minus $0.17 and I am almost sure that their right off days are over, so I am hoping to see some gains on that eps in the near future. In the mean time the markets are only to aware of this and your big investment institutions are going to pounce into the banking stocks, c included, as they have not met their benchmarks and need to invest soon.
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i personally think itll go higher. good company, and was highly regaurded before the crash. long term i would say its a good investment. buy, and hold for a min of 2 years. id say if you arent tempted to sell in 5 years if you continue to hold that entire time you will be very pleased.
What do you think of C as a long term investment from this price under $4?
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