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Countrywide Capital V (New) 7.0 Message Board

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  • joel_corley joel_corley Oct 1, 2010 3:02 PM Flag

    Higher Lows.....Will Go Over $25


    You wrote, "this is a way to make decent interest during a lousy interest environment brought on by the Fed"

    CFC-PB has done well by me over the past two years. But with a current yield of 7.11% it's also now my worst-yielding fixed income investment outside of my bank deposit accounts. There are even a few better yielding opportunities within the BAC stable...

    - Joel

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    • Joel, you must have bought debt and trust preferreds when they were way down in price. I think CountryWide got down to $4 range. I think the Government is going to keep interest rates really low for quite awhile, until in the Government's interest to have higher rates. That is why I think CountryWide preferreds may see $25 or higher.

25.650.00(0.00%)Oct 2 4:02 PMEDT