CFC
CFC Articles
The November 30 short interest of NYSE traded stocks shows that the market is predicting a further drop in financial and tech stocks. The numbers compare to November 15, 2007. The short interest in...
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When all the CEO’s and corporate officers are lumped together for playing down the sub-prime mess in the summer and for all the sub-prime loans that were made, one CEO is thought of as the...
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According to Reuters, the Henry Paulson said that a plan would be ready this week to spare some homeowners from mortgage resets. Reuters writes that November auto sales were weak with GM’s (GM)...
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The head of Countrywide (CFC) stated his case, once more, that the mortgage lender is not a candidate for Chapter 11. But, Angelo Mozilo does appear to like the topic. He brought it up again on CNBC....
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Looking around the wreckage of some of the big cap companies it is not hard to find a few CEOs who probably need to go back to business school. Wall St. would like to see them at Harvard so they...
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The federal government and several large mortgage lenders have a plan to freeze loan rates for certain subprime borrowers. The Wall Street Journal writes that ‘The Bush administration and major...
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Bank of America (BAC) looks the fool. It put $2 billion into floundering mortgage company Countrywide (CFC), but the drop in the troubled company’s shares have taken the value of that to about $1...
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According to Reuters, a fire closed most of the oil pipeline between the US and Canada. Reuters writes that the head of VW said the the Russian car market would eventually be the largest in Europe....
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In the current credit environment, there are several fairly big companies that could get in enough trouble that it would wipe out the common shareholders. The ones in the financial industry like...
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According to Reuters, Citigroup (C) is selling up to 4.9 percent of itself for $7.5 billion to the investment arm of the Abu Dhabi government. Reuters writes that retail stocks fell despite...
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A look at a collection of analyst calls on Countrywide Financial (CFC) shows that the mean target share price for the company is still above any level that makes sense. CFC closed today at $8.64,...
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Citigroup (C) Report of huge lay-offs. Shares trade below $30 for first time in five years. Drops to $29.75 from 52-week high of $57. Countrywide Financial (CFC) Senator asks for probe of borrowing....
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Last week’s trading might have been a bell weather for whether the market thinks the worst is behind some of the troubled financial institutions. But, as The Wall Street Journal pointed out, the...
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Short interest for stocks traded on the NYSE was up about 3% for the period ending November 15 compared to the October 31 numbers. Bets against big financials sky-rocketed, and positions in some...
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GENESCO (GCO) Broken buy-out. Down to $29.04 from 52-week high of $54.15. Unisys (UIS) No new news. Old line computer maker working on transformation to services. Down to $5.13 from 52-week high of...
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