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Beware, Investors, of Search For Countrywide-Like Deals.
- Source :
-
Wall Street Journal - Eastern Edition . 1/12/2008, Vol. 157 Issue 10, pB1-B2. 2p. - Publication Year :
- 2008
-
Abstract
- The authors express concerns that small investors may start to buy financial stocks whose prices are trading well below their book value. The article discusses how Bank of America bought Countrywide Financial for $4 billion, a price equal to a third of its book value. The deal between Bank of America and Countrywide Financial is believed to be relatively sound, but the authors are concerned that other investors may follow it.
- Subjects :
- *INVESTORS
*STOCK prices
*MARKET prices
*BANK mergers
*STOCKS (Finance)
Subjects
Details
- Language :
- English
- ISSN :
- 00999660
- Volume :
- 157
- Issue :
- 10
- Database :
- Academic Search Index
- Journal :
- Wall Street Journal - Eastern Edition
- Publication Type :
- News
- Accession number :
- 28344254