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Thread: Current Peso Interest Rates offered by Banco Santa Cruz

  1. #1
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    Default Current Peso Interest Rates offered by Banco Santa Cruz


  2. #2
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    Things aren't what they used to be, are they? Maxing out at 6% for a 2 year CD of over 5 million pesos.

    Anyone have a clue if or when Banco Central will be issuing CDs again?

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    better off changing the money to dollars, put that on cd, and then convert back to pesos at a higher rate.

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    The Citibank stock is under 4$ and will probably be between 8 and 10$ in a couple of years.

    Make some real money.

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    Quote Originally Posted by JFD View Post
    The Citibank stock is under 4$ and will probably be between 8 and 10$ in a couple of years.

    Make some real money.
    Wow! Which stock valuation methodology did you use to arrive at this conclusion? I would really appreciate it if you could walk me through your assumptions.

    Best,

    Cris

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    Quote Originally Posted by Gordon Gekko View Post
    Wow! Which stock valuation methodology did you use to arrive at this conclusion? I would really appreciate it if you could walk me through your assumptions.

    Best,

    Cris
    Well, just to mention a few, the us government sold part of his citi stock a couple of times already and it is holding value (floating between 3.5 and 5$ for the last few months) and the other one is the stock was over 50$ less than 36 months ago. So the thing is to get the real value of the stock and there is a consensus among traders that being conservative, it will be as said before.

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    Quote Originally Posted by JFD View Post
    Well, just to mention a few, the us government sold part of his citi stock a couple of times already and it is holding value (floating between 3.5 and 5$ for the last few months) and the other one is the stock was over 50$ less than 36 months ago. So the thing is to get the real value of the stock and there is a consensus among traders that being conservative, it will be as said before.
    Uhmm! So, you're not looking at the underlying business and seeing that Citi's massive revenue generating businesses (overdraft fees, etc.) are being severely threatened by potential Senate passage of the financial bill just passed by the House? Also that its efforts to create new lines of business and expansion to profitable markets have been less than successful? It seems to me that Pandit's tenure hasn't been as great as management had hoped. He is a financial engineer and an academic, not a business leader.

    There's a myriad of factors that I would look at before investing in this stock (DCF models, dividend discount, open interest in calls and puts at diff price points, growth opps, quality of mgmt, macroeconomy, peer insts, etc.) Govt selling its position in the business may even be a neg for the stock since it may imply that the govt may not backstop C's failures in the future. You may be right about the direction of the stock, but I would just suggest you realize the massive amount of risk you'd be taking. It's not wise to place an investment in C stock as an equal alternative to CD's in a bank.

    Best,

    Cris

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    I agree with almost everything you just said but i do believe that the government selling his C stock is a good thing and after they unload everything the stock will slowly take off and be firm over 5$.
    But of course i don't dare to compare it with a cd.

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