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Countrywide Capital V (New) 7.0 Message Board

  • valueguy66 valueguy66 Aug 25, 2011 12:31 PM Flag

    We can all sleep tonight knowing

    that our CFC TRUPS are senior to Buffet's Cumulative Preffered Stock investment. In addtion we are getting a 100 basis point higher dividend based on par value.If you buy @ $22 the yield is 8% or 200 basis points higher than Buffet's investment and we are senior to him to boot.Still a great buy at these levels.

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    • Pakistan is the worst source of lieing information on the planet; same as lieing Fillipinos who are also ignorant 3rd world hustlers. My cat knows more about investing than Paki's and Flips....lol.

    • Well, since your aug 26th pump of AGO, it has lost 19%. Looks like Wilber Ross is wrong again, just lie on ICO junk coal mines. I thought AGO was a dog and it is still a dog

    • Gee you should look at the metrics and listen to last conference call before you call this stock a dog. But I will give you you some tib bits. 1.5 million shares were bought by 4 insiders (including billionaire investor Wilbur Ross) in the past few weeks. They are the only company writing insurance on muni bonds so they have a monopoly.Trading at a 4 P/E and 60% of book. But because of GAAP their true book is closer $28(ie: if they went into runoff).They just got a favorable rating ruling from S&P. I think it has a great niche business with a great management team. To each his own. So far so good for my investment up 20% in a terrible market. I think it is a double and perhaps a triple.

    • You are absolutely right. Cfc-pb is Junor Subordinate debenture. Better protection than preferred.

      In November this will call back at $25. It is very clear.

      BOA does not want anything named CFC anymore. BOA could save 1% on the debt.

 
CFC-PB
25.46-0.03(-0.12%)Aug 28 4:02 PMEDT