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6 pts

Opinion on  Countrywide Financial Corp (CFC)     Sector: Financial  >  Industry: Consumer Financial Services
CFC buy point

Jan 07, 2008 04:49 AM UTC

 

CFC is a great company with a huge market share. The one thing I see that would realy boost the stock right now, and I hate to say it with all the talk of recession right now, but some good old fashioned downsizing is in order here. I for one was floored when reasearching the stats. of this company, I realized  that it had well over 54,000 employees, wow. However Angelo Mozilo has done great job in building a hugely successful business. It is unfortunate that this kind of success seems to allways breed contempt and jealousy in certian people lacking in character, and these types never can wait to kick a person or "company" when they are down. Still yet I belive that A. Mozillo, being the highly intelligent and personable man that he is , realizes all of this, and if he chooses to keep a full staff in exchange for a "temporary" downturn in stock prices more power to him. I truely feel that A. Mozilo loves people, those work for him, and all those that enjoy living in their own homes because CFC said yes to their loan. Face it A. Mozilo built a company doing something he loves, helping others and will continue to do so. Some nay sayers squaked when he sold all that stock last year, but my gut tells me  that being the man that he is A. Mozilo is simply looking to leverage what capital he has to stabalize CFC himself if he has to. If these things are all true, and I belive they are Angelo Mozilo is not only an officer and a gentelman, but mentor and an icon we can all look up to ! CFC has outmanuvered the competition time and time again. What makes anyone think they won't continue to do so? With 54,000 dedicated and well cared for employees onboard thats exactly what they will do, just watch. We love you Angelo M. keep up the good work and fighting the good fight.

P.S. Mr. Mozilo, when you have a free moment I have some adoption papers for you to sign. lol


CFC:  This call was made on 01/07/08 @ $8.52
Rating:   Positive   $8.52 (01/07/08)
Gain/Loss:   n/a in 318 days
Target:   $11.75 (+37.91%) in Three months


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nextfundmanager   N/A     0 point   commented 201 days ago reply

Today B of A came out and said that it may not back countrywides debt. This may not initially seem to effect the equity holders but of B of A is not interested it may adversly effect the terms of the equity deal as BAC looks to compensate for taking on the CFC debt


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