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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: bentway who wrote (90999)10/1/2007 10:27:00 AM
From: Jim McMannisRead Replies (1) | Respond to of 306849
 
RE:"In late 2006, even as Countrywide began using shareholders’ money to buy back its own stock at more than $40 a share — it’s now worth only $19 — Mr. Mozilo was selling."

Hoe yeah!



To: bentway who wrote (90999)10/1/2007 10:29:40 AM
From: damainmanRespond to of 306849
 
Market reaction? CFC + 1.33 or so eom.



To: bentway who wrote (90999)10/1/2007 11:23:08 AM
From: Cactus JackRead Replies (1) | Respond to of 306849
 
In late 2006, even as Countrywide began using shareholders’ money to buy back its own stock at more than $40 a share — it’s now worth only $19 — Mr. Mozilo was selling.

I am amazed that there hasn't been more screaming about share buybacks generally. It tells me that the public in general learned nothing whatsoever from the tech meltdown.

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