Savings Experiment: Snow Removal
The Money Man Behind Rick Santorum: Who Is Foster S. Friess?
Countrywide Financial (NYSE: (CFC) is recently trading at $5.42 in pre-open trading, below its close of $5.98.
Bank of America (NYSE: BAC) announced on Jan. 11, 2008 it will pay CFC shareholders 0.1822 per share of BAC for each share they own.
S&P lowered CFC debt to junk on May 2. Friedman Billings Ramsey says: "downgrading to Underperform and lowering price target to $2 (from $7). Given continued deterioration in CFC's loan book."
CFC overall option implied volatility of 74 is near its 15-week average of 77 according to Track Data, suggesting non-directional risk.
Options Update is provided by Stock Specialist Paul Foster of theflyonthewall.com
Goldman Earnings Sink After Buffett Dividend
Johnson & Johnson's Income Falls 23%
Burberry Shares Leap on Sales Update
