Monday, March 30, 2009


I enjoyed this phrase, mainly because I thought that the reaction to Citi's 2-month results (who ever heard of two-month results anyhow? talk about a sell signal!) was ludicrous as well.
The excitement of investors last week about Citigroup posting an operating profit in the first two months of the year simply indicates that investors may not fully understand the term "operating profit." Citigroup could burst into flames while Vikram Pandit sells lemonade in the parking lot, and Citi would still post an operating profit. Operating profits exclude what happens on the balance sheet.

All in favor of setting Vikram Pandit on fire in a parking lot?

1 comment:

adamcc said...

Now now, play nice.

This is the hopeful news I seen in a while (via Johnson).