Note to self: Citigroup market cap calculation doesn’t reflect the upcoming increase in float due to the conversion of various preferreds. This means that pure indexers are way underweight in the stock, by a factor of 4. Expect some fireworks when the convert becomes effective.
At $3.77, market cap is $20.645 billion and C’s S&P500 weight is 0.26, should move up to 1.00 approximately.
Thursday, May 21, 2009
C and the Indexers
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Lunch is for wimps
It's not a question of enough, pal. It's a zero sum game, somebody wins, somebody loses. Money itself isn't lost or made, it's simply transferred from one perception to another.
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