Citadel up to five cents
Don Day | March 6, 2009The Citadel stock watch continues – Friday’s close left the stock at $0.049 – less than five cents per share. You can’t buy a piece of candy for five cents anymore, but you can buy a share in one of the nation’s largest broadcasting companies.
CTDB.PK, (the company’s new ticker symbol) has a market capitalization of $13 million…
The big question: if you had $1,000 to spare, do you think buying 200 20,000 shares in Citadel would be a wise investment?
On one hand the stock could double in value to a dime and your investment would double. On the other, the company could go bankrupt and you would have nothing.
“The big question: if you had $1,000 to spare, do you think buying 200 shares in Citadel would be a wise investment?”
The answer to that question, I would say, depends entirely on whether or not you could afford to lose the entire grand without any strain on your life.
If you can, then it’s probably a safe gamble for you. If losing the money will affect you, then you shouldn’t do it.
Also, at a nickel each, wouldn’t you be getting 20,000 shares for your thousand bucks, not 200?
I dont know about a grand to dump on the investment but maybe a couple hundred if the buying process was somewhat easy.
To those of you who want an affordable “piece of the action” so to speak here is probably the best opportunity to buy in that may come along…or who knows the market could go bust and a stock holder could be left out in the cold….
One possiblity that might be considered is the potential to have some say in the ownership process even if ever so small… Being a stock owner would give you the chance to attend the annual shareholder meeting and be on the mailing list….and you could at least look forward to speaking your mind…. that might be appeallng to former employess etc. (you fill in the blank here..)
Given that Citadel has a local play it is an interesting situation. It may come to pass that the share value may increase in a buy out offer that comes along from a bigger more finanically secure firm that sees the long-term value in a firm like this….
“Hope Springs Eternal…”
“It’s Always Darkest Before The Dawn”
“Good Morning, I am a shareholder…
I am here to get some office furniture….”
I think the stock will climb back to $1.00 by March 2010… that would mean a gain of… 2000% or $20,000 bucks on a $1,000 dollar investment… Radio ads are down, but not 99% more like 19%, and Citadel does have a positive cashfow!
Cashflow!