“Dark” is a good description of Citigroup’s (C 1.21%) current situation. With a new CEO (Mike Corbat), a new direction (compared to those freewheeling pre-crisis days), and a big pile of assets that Citi wished it didn’t own (Citi Holdings), there are a lot of big question marks that Citi shareholders have to grapple with.
Should that automatically strike Citi from your list? Perhaps, especially if you have a low appetite for risk. However, with a tantalizingly cheap valuation, Citi could have significant gains in store if it’s able to deliver on the optimistic vision that Corbat’s hanging his hat on. An obvious, easy investment Citi is not. But a potential dark horse? Could be. In the video below, Motley Fool analyst discusses the situation at Citigroup.
