The company expects its earnings per share in the fourth quarter to range between 25 cents and 75 cents. It also anticipates its return on equity for 2008 to range between 10 percent and 15 percent.Well, that didn't quite work out. Today, the company reported a loss of 422 million, or 79 cents per share. I'll report more about it once they file their FDIC call report.
“An investment operation is one, which, upon thorough analysis, promises safety of principal and a satisfactory return. Operations not meeting these requirements are speculative.” - Benjamin Graham
Tuesday, January 29, 2008
Countrywide 4th Quarter Earnings
Remember a few months ago when Countrywide said: (source)
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