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-- Citi is well positioned even after the CEO's departure.
-- Recently quarterly earnings were strong, and Citi is selling at eight times next years earnings.
-- Citi has fixed its balance sheet, has lots of cash and is increasing its reserves.
-- Pandit did a great job; it doesn't matter who runs the company now.
-- Break up will not add value. The market will pay a higher multiple for Citi as it is today and market value its diversified portfolio of revenue streams.
-- Optimistic about the U.S. economy and U.S. stock market.
-- U.S. has many years of growth ahead as housing improvements which will lead to more people getting jobs. And that will drive spending and growth.
Here is the video:
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