Lilguy

Illiinois - Countrywide: Potentially Devastating

I first bet the BAC purchase of CFC wouldn't go through within days of the inking of the signature last autumn.

I'm sticking to my position even if the clock is ticking....

Financial Stocks Trading Near Book Value

Price-to-book usually is valued at the company's stated book value or maybe an independent analyst's assessment.

None of that matters. What matters is how the company's counterparties see the book value and, more importantly, risk. If it looks bad, margins to up, liquidity shrinks, and insolvency follows--unless you can arrange for a bailout from your friends.