No doubt that CFC is undergoing one of the most difficult business climate in the company's history.
The shares has fallen off the cliff, losing more than 75% of its value this year. Last month BAC pumped in 2 billion into the copmany at the price of $20. Now that the shares are trading just above $10, it appears to be even more than cheaper than what BAC was a good value when it made the investment with CFC. I believe that if the business environment further ddeteriorates, the company would be up for sale by companies like BAC but still at a higher price. If the company survives this downturn, it could be a multi-baggar winner. I am willing to gamble here with CFC as I think it is a viable company that has enough capital to weather this financial storm.
$10.9 (12/06/07)
