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

To: Paul Lee who wrote (44694)9/30/2011 9:21:57 AM
From: Sergio H  Read Replies (1) | Respond to of 78702
 
PAUL, at what price would they spin Countrywide off at? The spin off would have to go through bankruptcy first.



To: Paul Lee who wrote (44694)10/1/2011 12:16:14 AM
From: NikhilJog  Read Replies (1) | Respond to of 78702
 
leee! u are hitting the nail on its head! BAC is doing well and making money in 5 of the 6 divisions..

If they file chap 11 for Countrywide or do a prepackaged, then its possible their equity will trade much higher.

I think where the issue might be is - will they legally be off the hook even after filing for chap 11? if they are, then its a great investment today...


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