Rocker_JDB

Bill Miller: Countrywide Financial Is Worth $40/Share

Yeah, normally I'm a fan of contrarian, value investing. But, B. Miller is trying to salvage a horrible position by, as others have noted, talking his book...speaking of book, let's see what book value for CFC is, when the next tsunami of ARM resets hits in 2008. He could average down to about 35 cents by then.

Miller is right about one thing though: Tech is going to meet a bloody end sooner rather than later, as four stocks cannot lead an entire index forever. Four horsemen meet glue factory.