Countrywide Datapoint of the Day

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Market Movers

by Ryan Avent

Main

Will Traders Ever Get News From Webs... Extra Credit, Thursday Edition

Nov 21 2007 5:45PM EST

Countrywide is now trading at a price/book ratio of 0.39. The collapsing share price now looks increasingly like a self-fulfilling prophecy: the number of entities willing to lend Countrywide a few billion more, when its entire market cap is now floating around the $5 billion mark and it has total debt of $122 billion, can probably be counted on the fingers of one thumb. I wonder what the mark-to-market value of Bank of America's $2 billion in convertible bonds is? Boy was I wrong about that investment.

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Quotes delayed 15 minutes for NASDAQ. 20 minutes for NYSE and AMEX. Market Data provided by Interactive Data. Terms & Conditions. Powered and implemented by Interactive Data Managed Solutions. Company fundamental data provided by Hemscott. Economic data provided by Econoday. News provided by Comtex. Sec Filings data provided by Edgars. The Wall Street Horizon National Consumer Interest Rate Survey. ©2009 Wall Street Horizon. PMMS Mortgage Data ©2009 Freddie Mac. Mortgage averages are for conforming mortgages with 20% down.