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MTA Unbullish On Citi’s Future?

Coincidence? Shares in Citigroup opened sharply lower on Monday, March 30 (from $2.62 to $2.31), after Monday morning’s New York Times reminded readers that the MTA renamed the “Shea Stadium” 7 train stop “Mets Baseball” instead of “Citi Field”:

The Mets had sold 30,000 tickets at $5 apiece and had given away another 12,000, but the ugly weather kept many fans away. Those who did show up began filing off the No. 7 train around 10 a.m., following signs from the subway that now read “Mets Baseball” instead of “Shea Stadium.” They pressed up against the gates, taking pictures of the exterior modeled after the Ebbets Field facade, and were soon flooding into the rotunda honoring Jackie Robinson.

Location Scout: Citi Field.

Posted: March 31st, 2009 | Filed under: Follow The Money
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