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(former)FormerSanDiegan
ParticipantCountrywide’s shareholders get the right to exchange their stock for .1822 shares of Bank of America stock.
Based on today’s prices for both BofA and CFC that’s actually 20% above CFCs current price. But, this depends on BofA’s share price holding up as well.
However, if the deal falls through and CFC goes bankrupt you get walloped. Also, if BofA’s stock declines 20% you get zero gain.One strategy might be to buy CFC and sell BofA short, so that you are guaranteed the spread (minus option costs) if the deal goes through.
Here’s a recent article on the subject …
http://money.cnn.com/2008/01/23/news/companies/boyd_bank.fortune/index.htm?postversion=2008012316ParticipantCountrywide’s shareholders get the right to exchange their stock for .1822 shares of Bank of America stock.
Based on today’s prices for both BofA and CFC that’s actually 20% above CFCs current price. But, this depends on BofA’s share price holding up as well.
However, if the deal falls through and CFC goes bankrupt you get walloped. Also, if BofA’s stock declines 20% you get zero gain.One strategy might be to buy CFC and sell BofA short, so that you are guaranteed the spread (minus option costs) if the deal goes through.
Here’s a recent article on the subject …
http://money.cnn.com/2008/01/23/news/companies/boyd_bank.fortune/index.htm?postversion=2008012316ParticipantCountrywide’s shareholders get the right to exchange their stock for .1822 shares of Bank of America stock.
Based on today’s prices for both BofA and CFC that’s actually 20% above CFCs current price. But, this depends on BofA’s share price holding up as well.
However, if the deal falls through and CFC goes bankrupt you get walloped. Also, if BofA’s stock declines 20% you get zero gain.One strategy might be to buy CFC and sell BofA short, so that you are guaranteed the spread (minus option costs) if the deal goes through.
Here’s a recent article on the subject …
http://money.cnn.com/2008/01/23/news/companies/boyd_bank.fortune/index.htm?postversion=2008012316ParticipantCountrywide’s shareholders get the right to exchange their stock for .1822 shares of Bank of America stock.
Based on today’s prices for both BofA and CFC that’s actually 20% above CFCs current price. But, this depends on BofA’s share price holding up as well.
However, if the deal falls through and CFC goes bankrupt you get walloped. Also, if BofA’s stock declines 20% you get zero gain.One strategy might be to buy CFC and sell BofA short, so that you are guaranteed the spread (minus option costs) if the deal goes through.
Here’s a recent article on the subject …
http://money.cnn.com/2008/01/23/news/companies/boyd_bank.fortune/index.htm?postversion=2008012316ParticipantAlex – Your cute example failed to account for the tiny detail of Principal, interest, taxes, insurance and maintenance that you would have paid as an owner. If you would have bought in 2000 you probably would be ahead right now. But, if you bought in 2003 or 2004 you would have been ahead as a renter. Take a math class.
ParticipantAlex – Your cute example failed to account for the tiny detail of Principal, interest, taxes, insurance and maintenance that you would have paid as an owner. If you would have bought in 2000 you probably would be ahead right now. But, if you bought in 2003 or 2004 you would have been ahead as a renter. Take a math class.
ParticipantAlex – Your cute example failed to account for the tiny detail of Principal, interest, taxes, insurance and maintenance that you would have paid as an owner. If you would have bought in 2000 you probably would be ahead right now. But, if you bought in 2003 or 2004 you would have been ahead as a renter. Take a math class.
ParticipantAlex – Your cute example failed to account for the tiny detail of Principal, interest, taxes, insurance and maintenance that you would have paid as an owner. If you would have bought in 2000 you probably would be ahead right now. But, if you bought in 2003 or 2004 you would have been ahead as a renter. Take a math class.
ParticipantAlex – Your cute example failed to account for the tiny detail of Principal, interest, taxes, insurance and maintenance that you would have paid as an owner. If you would have bought in 2000 you probably would be ahead right now. But, if you bought in 2003 or 2004 you would have been ahead as a renter. Take a math class.
Participant3. Frequently, she keeps trash bags outside of her cans on the side of the house. It’s an eyesore and it draws pests.
Perhaps that is where your rat/mouse infestation came from.
Participant3. Frequently, she keeps trash bags outside of her cans on the side of the house. It’s an eyesore and it draws pests.
Perhaps that is where your rat/mouse infestation came from.
Participant3. Frequently, she keeps trash bags outside of her cans on the side of the house. It’s an eyesore and it draws pests.
Perhaps that is where your rat/mouse infestation came from.
Participant3. Frequently, she keeps trash bags outside of her cans on the side of the house. It’s an eyesore and it draws pests.
Perhaps that is where your rat/mouse infestation came from.
Participant3. Frequently, she keeps trash bags outside of her cans on the side of the house. It’s an eyesore and it draws pests.
Perhaps that is where your rat/mouse infestation came from.
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