Countrywide Update

A few months ago, I told you guys that I thought Countrywide Financial Corporation (NYSE: CFC) was a great buy.  At that point it was about $18.00 / share, it’s lowest point since mid-2004.  The Wife & I purchased a few shares of it at that point and have watched it continue to slide.  We still believe in this company and it is now about $6.00 / share and have purchased quite a few shares of it.  Bank of America (NYSE: BAC) has now announced that they are goinig to purchase Countrywide Financial Corporation for about $8.00 / share.  So, there is some room for profit.  If anyone is interested, e-mail me or post your e-mail address in your comment and I’ll e-mail you information about the brokerages that I use and give you some free trades.

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