I think that it goes over $13.00 after first 15 minutes of opening from shorts covering and then it retraces back to just about the level you are talking about. Guess time will tell. It appears that many are disappointed by the news of no dividend, although I personally think the buyback will work better in the end.
Agreed. I think a dividend is too soon, considering the cockroaches are still coming out of the walls with litigation here and there. Double, triple jeopardy for countrywide's mishandling of mortgages.. .How does that work? Purchase a company going under, and assume culpability for their funny business too?