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Dreman Says Firm to Reduce Citi Holdings Over Time

By admin - Posted on November 2nd, 2007
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David Dreman, who oversees $22 illion as founder and chairman of Dreman Value Management LLC, talks with Bloomberg's Brian Sullivan from Aspen, Colorado, about the firm's holdings in Citigroup Inc. and Altria Group Inc., and strategy for investing in financial stocks. Citigroup, the largest U.S. bank, fell to the lowest in four years in New York trading after three analysts cut their ratings and CIBC World Markets said the company may have to reduce its dividend to shore up capital.

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