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To: Madharry who wrote (29662)1/11/2008 10:10:59 AM
From: Jurgis Bekepuris  Respond to of 78476
 
I disagree on "triple down on a stock that had dropped 70% after you bought it". Like Miller said buying things for cheap(er) is the way to go. IMHO, without looking at details, the purchase price is very good for BAC. On the other hand, I am still not sure if the deal is good for BAC short term. I'll think about it, but as I said before, it is tough to figure out CFCs assets and liabilities here.



To: Madharry who wrote (29662)1/14/2008 10:47:16 PM
From: Madharry  Respond to of 78476
 
"I have confidence that we properly assessed the issues," he said, adding that barring unexpected developments, Bank of America plans to stick with its $4.1 billion offering for Countrywide."

perhaps that is why CFC seems to be selling at a 16% discount to the .1822 BAC at present prices.


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