• 25 Aug 2010 at 1:59 PM

Which Analyst Is Citigroup “Freezing Out”?

Charlie Gasparino is apparently going to reveal the winning answer shortly but for those of you whose offices don’t have the TV’s turned to FBN, let’s take some stabs at it. Historically, Meredith Whitney has been the analyst with whom the bank has had the most beef, so she should be the first name that comes to mind. We can confidently cross her name off the list, though, ’cause they don’t have the balls. I suppose it could be Dick Bové but are they really looking for another tear-streamed freak-out? Probably not. So, who then? Mayo? Some bucket shop pissant you’ve never heard of so C can feel like a big man without having a certain dominatrix shove a shiv up their asses?

Update: And Mayo is the winner of the Count Vikula cold shoulder!

Reporteth CG:

Mike Mayo, of the securities firm CLSA, has been telling investors that Citigroup should take a writedown, or a loss of some $50 billion of “deferred-tax assets,” or DTAs. That is a tax credit the firm has on its financial statement that Mayo says is inflating profits at the big bank…Mayo’s continued criticism of the firm’s accounting has turned a testy relationship between Pandit and Mayo into one of the most-bitter analyst-CEO confrontations seen on Wall Street for some time. When asked about the matter, a spokeswoman for Citigroup would only say “I have no comment on Mike Mayo.” Mayo told FBN: “I’d like to know why all my competitors get meetings with Pandit and the key people there and I don’t.”

16 comments (hidden to protect delicate sensibilities)
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Comments (16)

  1. Posted by Deez | August 25, 2010 at 2:53 PM

    Hold the Mayo please

  2. Posted by Anonymous | August 25, 2010 at 2:58 PM

    Are DTA’s smiliar to DTF? Same diff, no diff?

  3. Posted by Pyrrhichios | August 25, 2010 at 3:03 PM

    Nice tactics Vik. Just wait a day or two and this should all blow over and no one will think to ask about DTAs on your call.

  4. Posted by jj | August 25, 2010 at 3:07 PM

    Citibank dipshits

  5. Posted by Mr. Market | August 25, 2010 at 3:08 PM

    DTA = Dimon Tax Advantage 1, Citi 0

  6. Posted by Anonymous | August 25, 2010 at 3:46 PM

    mayo is such a whiney bitch. i worked with him for years. historically, citi has had more of a problem with mayo than with MW because he has been bitching about citi for a decade now. as with his typical MO, he is negative for all the wrong reasons but gets lucky that citi manages to trip over itself anyway.

  7. Posted by Anonymous | August 25, 2010 at 3:57 PM

    @6. Meredith? Who could hate Mayo AND Citi?

  8. Posted by Chino Eric | August 25, 2010 at 4:14 PM

    Someone please bust in his water bottle

  9. Posted by SamDUSH | August 25, 2010 at 4:47 PM

    Citi is shitty

  10. Posted by guest | August 25, 2010 at 5:15 PM

    citi has always used suspect accounting; there is no news here…..

  11. Posted by anonymous | August 25, 2010 at 5:45 PM

    i’ve got ham on 5, hold the mayo…

  12. Posted by Anonymous | August 25, 2010 at 5:51 PM

    Did you say something about Meredith Whitney having beef curtains?

  13. Posted by Mgulkam | August 26, 2010 at 9:35 PM

    Sock it to ‘em Mayo baby, keep on rockin’

  14. Posted by Johndoe | August 27, 2010 at 4:20 AM

    Mayo doesn’t get why he gets cold shoulder? He’s a TOOL. Citi is fine

  15. Posted by cheap oem software | May 2, 2012 at 8:56 AM

    MIbMWq Thank you ever so for you post.Really thank you! Cool.

  16. Posted by Valerie Costlow | September 19, 2012 at 3:03 AM

    Hey will not call me names lady!!! *slaps you around with a wet fish* Only kidding…