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.
I believe that every American should have the goal of owning a home. Companies like Countrywide Financial Corporation (NYSE: CFC) help in this goal by loaning money to reacht his American Dream. Recently,Countrywide has been hit with some financial struggles due to the rising number of foreclosures. Countrywide stock is at its lowest point since mid-2004. This year alone, its stock has dropped about 50%. This all being said, I believe this company will pull through these problems a stronger company. As a result, I have decided to purchase a few shares of stock in this company. I believe in its mission and I believe in it.
Of course, with anything like there, this is risk. But, its a risk that I believe is right for my family.
If anyone is interested in investing in Countrywide or any other stock, let me know and I can refer you to one of the Online Brokerages that I use and, after you make you first trade, they’ll give you $25.00 or I can give you a referral to another Online Brokerage that I use that will give you 3 free trades.