![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg-USwaQnNBO5MVUdSeQf8yvQrHNais5ei0RfMc-YD8n-yDby9gh1ywcmEsubF7JblB_Z1Ap9EO8kBo0DpDh3akTVVUob6UO6iprYxD3MNPX_ii8KPEarhKdEda-nzFn4POCsEdvQWPXkBB/s200/bove.jpg)
Ladenburg analyst Dick Bove (who understandably underestimated the stupidity of the Treasury and on Sept. 12 stated his belief that "
Banc of America will win the auction for Lehman Brothers.") has just whacked his target price for Citi from $14 to $6, and is projecting a 2009 loss of ($1.45), a whole buck lower than consensus estimates. Vik Pandit couldn't care less, as he is currently putting the finishing touches on his resume, and spinning his
Old Lane experience in a favorable light.
Sphere: Related Content
Print this post
1 comments:
What about the Treasury was stupid re Lehman? Was it not making the Lehman bondholders whole?
As far as I'm concerned it's the only decision they actually got *right*.
Post a Comment