tag:blogger.com,1999:blog-3782644139927778760.post-60105567569681883992008-05-09T11:20:00.000-04:002008-05-09T11:20:00.000-04:002008-05-09T11:20:00.000-04:00Reducing the size of the company is probably the right move, but announcing a massive across-the-board asset sale probably was not. It looks desperate, and even if Citi is desperate they should not be *looking* desperate, as that fairly invites lowball bids on assets. Asset sales should be announced one at a time, preferably after buyers have been lining up. But when people see a huge figure like $500B, their first reaction will be to ask where the buyers are going to come from.<BR/><BR/>And I could be mistaken, but isn't Citi still clinging to the dividend? That alone raises serious questions about priorities.Peripheral Visionaryhttp://www.blogger.com/profile/02489447120517274000noreply@blogger.com