Mobile Financial Headlines

Countrywide says bankruptcy not a threat - do you buy it?

posted 836 weeks ago on BloggingStocks

Filed under: Forecasts, Bad news, Rumors, Press releases, Rants and raves, Competitive strategy, Market matters, Countrywide Financial (CFC)Although Countrywide Financial (NYSE: CFC) the bank, has gone on record as stating it is not in danger of going bankrupt and has plenty of liquidity to continue to operate and meet its current obligations, that could change. The bank is no doubt referring to the immediate future, like today or this week. Those who have expressed concern are thinking about next week, next month or six months out. I have no idea what the truth is, or if there are multiple truths, or if the company is dancing on the head of a pin. "Countrywide Home Loans is expected to service debt maturities beyond 2008 without additional debt issuance," the company s

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