Tuesday May 10, 2011
CITI has reverse split it stock. Now the four dollar stock is a $40 stock, except of course no one made any money.
CITI never recovered from the 2008 meltdown. Its low price has made for incredible speculation from $3-$5 and back again. But mutual funds are hesitant to buy shares in single digits, the low price lends penny stock status to them.
CITI used to really trade for $40, but now 10 for one deflation has left the common stockholders with much less than they originally owned.
Professor Elam 
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