Citigroup's (C) Pandit Said He Can't Predict Profitablity; Says Govenment Can Sell At "Any Time"
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In a CNBC interview with Maria Bartiromo, Citigroup, Inc. (NYSE: C) CEO Vikram Pandit said, while the businesses are performing well, he can't predict profitability.
Pandit confirms that, with the recent preferred exchange, the U.S. government can sell their newly issued 7.7 billion common shares at "any time." He said the share issuance is a partial payback of TARP.
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Old news spun
Vik Welt on Sep 14, 2009 08:43 PMuhh day old news about a weeks old set of facts but you spun it your way. Anyway thanks I have October put contracts for $4 and any bit of negative spin is helpful.