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  • Could Housing Panic Actually Save Countrywide? [View article]
    This opinion has very little depth of analysis and demonstrates a lack of understanding of basic concepts.

    CFC's historical foreclosure rate is nice, but does that have anything to do with their near-term rate given recent conditions and actions?

    The stock is cheap - relative to what? Historical 52-week high? So what. That doesn't mean a thing relative to future prices.

    CFC projects a profit in Q4? And you believe them? Do you have any analysis to back this up?

    What is the point of highlighting CFC's leadership in minority lending? To then talk about how its getting rolled back? I don't get it. It's many of those loans that are going to bite them in the butt in the coming quarters!

    It takes more than a few superficial points predicated on a relative price drop to say that CFC is a viable investment. I agree with the author that it takes a sharp investor to spot gems through the media and industry bluster. I'm still waiting for a sharp investor to make a case for CFC though.
    Nov 16 16:06 pm |Rating: 0 0 |Link to Comment
  • Could Housing Panic Actually Save Countrywide? [View article]
    This opinion has very little depth of analysis and demonstrates a lack of understanding of basic concepts.

    CFC's historical foreclosure rate is nice, but does that have anything to do with their near-term rate given recent conditions and actions?

    The stock is cheap - relative to what? Historical 52-week high? So what. That doesn't mean a thing relative to future prices.

    CFC projects a profit in Q4? And you believe them? Do you have any analysis to back this up?

    What is the point of highlighting CFC's leadership in minority lending? To then talk about how its getting rolled back? I don't get it. It's many of those loans that are going to bite them in the butt in the coming quarters!

    It takes more than a few superficial points predicated on a relative price drop to say that CFC is a viable investment. I agree with the author that it takes a sharp investor to spot gems through the media and industry bluster. I'm still waiting for a sharp investor to make a case for CFC though.
    Nov 16 16:06 pm |Rating: 0 0 |Link to Comment
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