CountryWide is in April’s Most Attractive Small-Caps

[wantobuy]

I thought it may be interesting to you,

According to http://www.forbes.com/2007/04/16/marathon-steel-countrywide-pf-ii-in_dt_0416soapbox_inl.html?partner=yahootix
”
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, http://www.marketwatch.com/news/story/strong-quarterly-earnings-expected-three/story.aspx?guid=%7BCAA2A7BA%2D907D%2D4CD8%2DBA41%2D3640479A7690%7D&siteid=yhoo&dist=yhoo

[Anonymous]

For this reason I shorted more CFC today.

[barnaby33]

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.

Josh

[temeculaguy]

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.

[Author]

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