Title:

Bank of America/Countrywide: Rent-to-Own?

Price:$150.00
Publication Date:Aug 23, 2007
Source:CreditSights Inc
Report Type:Article
Abstract:Countrywide's 8-K offered further details on BofA's strategic stake, including the big bank's ability to match any acquisition offers. We see BofA's stake as renting with the option to own coupled with a broader liquidity confidence play.
Brief Excerpt: Bank of America/Countrywide: Rent-to-Own? Countrywide filed an #-K with additional details on Bank of America's $# billion convertible preferred investment BofA maintains the right to match any third-party buyout offer as long as it...
Word Count:1657
Report Type:Article
Topic:Mortgages, Euro Markets Issuers, Capital Structure, Subprime
Format:HTML HTML
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CreditSights is an independent research platform comprised of a team of analysts with both buy-side and sell-side experience in the U.S. and overseas. CreditSights' research focuses on global corporate and sovereign issuers, which have securities that are actively traded in the corporate bond, credit derivatives and/or equity-linked markets. Sector coverage is broad-based and includes telecom, technology, and media; autos and general industrials; utilities and energy; financial services; commodity cyclicals; retail and consumer products; and aerospace and defense. Emerging markets coverage includes the major Latin American, Asian and Eastern European countries. The focus of CreditSights research is to help investors make decisions by distilling and interpreting significant developments and specific events affecting individual companies, industries, or the securities markets as a whole.

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