[kcvl]

Investing
Prince Alwaleed: The Anti-Buffett?
Davide Dukcevich, 03.11.02, 12:41 PM ET


Alwaleed today announced that he recently acquired more than $1 billion in stocks, including a $500 million stake in Citigroup (nyse: C - news - people ), adding to his 3.8% interest in the world's biggest bank. (See: Saudi Prince Buys $1B Citigroup, AOL, Priceline) The Prince's holdings in Citigroup constitute roughly half of his $20 billion net worth. "At about $43, Citi's share price was at too attractive a price," Alwaleed said in a release issued by his company, Kingdom Holdings.

[Shermy]

Hmmmm....

Reports higher profits on July 17.

Prince invests more July 18.

Announce problems July 22.

Stratergery?