CIT Group shares lost 99 cents today on news that the commercial lender is again near collapse.
It would be a risky play, to jump in when the water is the hottest.
But if the price of shares drops below 50 cents – I’m in.
Not for much, but its a gamble I’d be willing to make*
*Don’t follow my advice – I’m a rookie
This is a company who’s stocks were trading in the $40 range within the last two years.
Obviously, if the company survives without going into bankruptcy, the shares will rebound to some degree (eventually)
You can read more about CIT Group here:
Report: CIT Group again on brink of collapse