Road Rules
Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.
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Dec.13
4:17 PM ET
Thursday, 13 Dec 2007
Stop Trading!: Citi Dividend Cut Imminent?
Posted By:Tom Brennan
Topics:CEOs and CFOs | Stock Picks | Stock Market
Sectors:Financial Services
Companies:Citigroup Inc
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A dividend cut by Citigroup is already priced into the stock, Cramer said during Stop Trading! Thursday.
"A year ago we could have fixed Citi without ever having cut the dividend," Cramer said, "but they kept buying and buying and buying. Obviously that was wrong."
Cramer said he sympathizes with new Citigroup [C
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] CEO Vikram Pandit.
"Who wants to preside over a dismantling or a dividend cut?" Cramer asked. "I would never want that job."
Jim's charitable trust owns Citigroup.
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