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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?


To: Bill Wexler who wrote (28311)9/29/2007 9:55:22 AM
From: pcyhuang  Read Replies (2) | Respond to of 78670
 
re: CFC

Bill:

Among other reasons, here are a few for my being bullish on CFC:

1. I think that Mr. Mr. Angelo Mozilo, the founder and president of CFC had purposely orchestrated several presentations in recent months about the dire operating condition of CFC to induce the Fed's Chairman Mr. Bernake to aggressively lower the discount rate.

2. In fact, CFC is running a very diversified operation and it has access to the Federal Home Loan Bank in case of emergency needs.

3. In terms of operating results of the latest 12 months, CFC had not only out performed many of its competitors, and it had not run a defecit.

4. There may be a surprise upbeat element in the upcoming Q earning report. Please refer:

Message 23920687

5. Several outsiders, including Bank of America and Buffet, who have shown interests in investing in the company.

Chart analysis:



pcyhuang