CountryWide is in April's Most Attractive Small-Caps

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Submitted by wantobuy on April 16, 2007 - 8:50pm

I thought it may be interesting to you,

According to
Countrywide Financial (nyse: CFC - news - people ) is a new addition to this month's report after its 10-K filing revealed a strong increase in profits, which is not reflected the stock's valuation. Countrywide has a positive economic earnings per share of nearly $6 per share and according to our calculations is trading at a 70 percent discount to the value of its existing cash flows, which means the market believes its cash flows will decline by 70% and the company will never grow profits again. Not likely.

and also some big banks are doing well,

Submitted by deadzone on April 16, 2007 - 8:53pm.

For this reason I shorted more CFC today.

Submitted by barnaby33 on April 16, 2007 - 10:36pm.

Say what you want about its cashflows, I'll do as Angelo does. Since he sold 190 million of his own stock this last year. I'll keep my puts.


Submitted by temeculaguy on April 16, 2007 - 11:14pm.

Angelo exercised and sold more of his stock this week but I don't think it is because of his lack of confidence in his own company, I think it reflects an increase in the prices at the tanning salon. That dude is trying to make George Hamilton look pale. I disagree with what Angelo keeps saying about his company's low exposure to sub prime, My neighbor works for Countrywide and he told me a year ago that option ARMS (neg am, which is alt a) weren't just popular, they were the only loans he does.

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