Word: lowerator
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Dates: during 2000-2009
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...Nonetheless, the deal will be costly for Citi. In order to exit TARP, the bank will have to sell $20.5 billion in new shares. Analysts estimate the stock sale will lower the company's earnings per share by about 20%. "One of the basic problems for [Citigroup's] valuation is that it has too many shares as a result of its many rounds of capital raising and exchange offers," says analyst David Hensler, who follows Citi for research firm Creditsights...
...raising all the capital to pay back TARP won't improve Citi's balance sheet either. In fact, it will do the opposite. Bove estimates that TARP repayment will lower the company's Tier 1 capital ratio to just over 11%, from a recent 12.8%. What's more, with the elimination of the government guarantee of Citi's riskiest assets, which could expose the bank to as much as $250 billion in additional losses, the bank's Tier 1 ratio will sink further, to 10%, according to Hensler. (See 10 big recession surprises...
...can’t really say that this is a direct cause-and-effect relationship,” Wilson said, adding that she thinks the results may be somehow related to coffee’s association with a lower risk of Type II diabetes...
Cuomo ’99-’06, the lead singer of Weezer, was released from a hospital in Albany, New York, after sustaining severe injuries that included three cracked ribs, two punctured organs (lung and spleen, respectively), and one lower leg injury (and a partridge in a pear tree...
...case you were concerned, Cuomo is getting the “cozy lower bunk for sleeping - none of that back lounge bedroom stuff for him!” Koch said...