Discussion in 'Stocks' started by ASusilovic, Jan 11, 2008.
Bank of America Buys Countrywide
Bank of America agrees to purchase Countrywide USD 7,16 per share
~$4bln. Good luck catching a falling knife BoA. Like they had a choice after losing their @$$ on the initial $2bln.
This is a chance for B of A to save face. Plus, who knows maybe in 4-6 years, this thing will be back being worth $20 billion or so.
Bank of America: Countrywide deal neutral for 2008 EPS
Looks like BAC is out "bargain hunting"
More like catching the piano -
Why is CFC trading under $7 right now, if the buyout is for $7.16? That makes no sense.
Arbitrage in action?
because it doesn't happen till the 3rd qtr so there is a chance it can still fall through
Separate names with a comma.