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Sell Citigroup Before The Earnings Bubble Pops

Citigroup is running out of accounting tricks and the stock will continue its slide as investors recognize the company is not as profitable as it wants investors to believe. Our analysis of the financial footnotes of more than 50,000 annual reports means we know more about which companies have the naughtiest and the nicest accounting. And Citigroup is definitely on the naughty list.
by David Trainer, Founder & CEO
New Constructs
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Mayo Is Right About Citigroup

A large write-down of its deferred tax assets could be devastating for Citi--over 30% of its total book value is comprised of net deferred tax assets. Our detailed analysis of the Notes to the Financial Statements also found these RED FLAGS : 1. Over $7bn in off-balance sheet debt 2. $2.2bn in under-funded Pension liabilities 3. Over $10bn in Asset write-offs
by David Trainer, Founder & CEO