C - paying off TARP & other thoughts?

[mrmarket]

More than expected

http://www.marketwatch.com/story/cit...31?siteid=bnbh

Many of their businesses have unappreciated value. Spinning them off is the only way to unlock the value. Citibank stock is still weighed down heavily by dilution and questions on the balance sheet.

More good news like this could get it back to $10/share but it will never ever get back to its pre-crisis trading range.

[steelman]

Many of their businesses have unappreciated value. Spinning them off is the only way to unlock the value. Citibank stock is still weighed down heavily by dilution and questions on the balance sheet.

More good news like this could get it back to $10/share but it will never ever get back to its pre-crisis trading range.

Thanks $$$MM$$$!
I am holding some $4 calls for June, so that's good news then.

Steel