A forum for discussing financial economics, structured finance and investment management
Friday, January 18, 2008
Countrywide still plummeting
Despite the deal to be bought out by Bank of America, Countrywide stock continues to plummet. It dropped 9.5% today to $4.96, far below the price BoA is planning to pay. Presumably, the market thinks this deal might not happen.
I'm a veteran of two careers - high school math and physics teacher, retirement consulting actuary - who is now enjoying the pleasure of staying at home for my daughter. (My avatar is in honor of Will Durant, whom I consider the last true sage.)
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