Dick Bove? I thought he was dead. No?? Oh!! It's only his upgrades that die!!!  I love this guy! No one, I repeat, NO ONE has made worse calls concerning U. S. banks in the past year and a half than this man. Companies pay him to come up with this dreck? I come up with the stupid stuff I write for free. There just ain't no justice. Oh well. The difference between my sparkling analysis and wit and that of Bove is that I have been continually correct on the banks and he has been continually wrong. 
Let me begin by strolling through Boves Citi of broken dreams:
 http://community.tradeking.com/members/will-profit/blogs/7689-the-citi-that-never-sleeps

http://community.tradeking.com/members/will-profit/blogs/9174-just-call-me-buck-naked-in-the-citi

Bove upgraded Lehman Bros in August of 2008, stating he saw them as a potential take over target.
Shortly thereafter, Lehman went KABOOOOM and went bankrupt.

Now the Dickster has upgraded Citi and put a target of $12 on this lumbering, narcoleptic, nationalized piece of ****. Dicky calls Citi, "the only truly international bank in the world." I call Citi, " The biggest, truly insolvent and utterly useless bank on the face of the planet."

Here is more Dick: http://www.cnbc.com/id/31443047
{ He said he expects Citigroup to report a 2009 loss per share of 52 cents and an earnings per share of 13 cents in 2010. His estimate for 2011 is 32 cents per share.

Normalized earnings are expected to be $1.15 per share, suggesting an ultimate target for the bank is $12, Bove said.

In his notes, Bove said he was reassured after the U.S. government provided funding for the bank, stating that Citi was "too big to fail." }

Dick,
     How do you sleep at night knowing that a number of traders/investors will lose money by believing that you know what you are doing? Do you really believe the **** you spew? Can't you be right AT LEAST ONCE?!?! 

This is at the bottom of the CNBC.com article I quoted above:

{Disclosures: Disclosure information was not available for Richard Bove or his company.}

I would be interested in seeing Dick Bove and his employer, Rochdale Securities disclose any holdings they may have in Citi. I mean they wouldn't just be talking their book here by upgrading Citi...would they?

Citi WILL trade at under a buck following the tidal wave of common equity dilution that is coming to a government sponsored theatre near you.

I will revisit Dicks newest fantasy Citi call in the future.
You can bet on it.   

Dick Bove(S) are live and will always be live for as long as those in control of sheople of this country need yet another Henry Blodget...for one or another reason - because they are the "product", not the "reason"...for as long as cattle let them be...for as long as people "think" that democracy is still alive...

Irresponcible puppets with hidden agendas will exist for as long as those in charge need someone to push forward when it is time for blame game.

Something wrong with the picture...for long time now

But to be fair to Dick - only person with brain size of a parrot might pay ANY attention to people like them and base their investment decisions on their opinion - so, in a way - anyone who got burnt by investing ALL money in Stamford/Madoff funds or listened for Bove/Blodget/Finnerman/Kneely/Kudlow deserves to lose it ALL. Sadly enough - they are majority and people like Jeff Makey are driven to nervous breakdowns by those in charge