Cfc Cuts 12,000 Jobs

Quote from hbiawos:

So you're saying that AHM was NOT an NYSE listed stock with shares outstanding each held long by someone blah, blah, blah orderflow to the specialist? Is that your understanding of the matter?

Tell me.
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My understanding of the matter is this a CFC thread.

That I have a long position.

That.........that position is no worse off than it was 4 weeks ago.

That the 52 week low at 15ish closed same day at 20, providing somebody a quick 25% as well as demonstrating what "he" can do. You haven't demonstrated much anything. But "blah blah blah" was cute.

"He" can do it even faster with a simple gap up (or down). 576 million shares x a mere qtr point is $144 million with the flick of a wrist. Imagine what he could do with an alibi?

Oh that's right, TV is a surrogate for imagination aka thinking.
 
Quote from 1flyfisher:


Pick your spots for short entry trades. [/B]
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Too bad YOU didn't pick yours at $40+, eh?

Anybody ever suggest you're reminiscient of the snake in the garden of Eden?




I just did.
 
Quote from efficiency:

Too bad YOU didn't pick yours at $40+, eh?

I started shorting the stock in the $40 and rode it down to $17ish. No position currently but I have been in and out taking profits along the way. I will be shorting it again.

Anybody ever suggest you're reminiscient of the snake in the garden of Eden?

I just did.

Can ANYBODY decipher effy speak? I think the crazy old coot tried to insult me.
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:D :D :D :D
 
Quote from efficiency:

IF you want to expand to fundamental matters, 10 billion in revenue (irrespective of EPS or any other fundy) isn't all going to completely evaporate. 8x leverage, regardless of secondary market, is hardly imposing for a lender. This is not a capital intense business. Few barriers to entry,...............making name recognition go just a little farther and marginal mom & pop localized producers susceptile first.

Less employees, less competition. I can LOL too. [/B]
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10 billion in annual revenue is not ALL going to evaporate, but given CFC's known business practices especially in california, a substantial part of the 10 billion is going to the wayside. CFC's better days are behind it, hence Mozilo's liquidation of his insider holdings.

I don't think CFC is going BK, and perhaps this is close to the bottom but going forward, its a terrible sector to buy in, its peers are all struggling and thats exclusive of the dead marginal ones.

No more subprime or alt-a mortgages means a volume decrease in originations, their servicing portfolio is still valuable but I suspect their mortgages on the books as assets are potentially a lot more toxic than is portrayed. No current secondary market for flow through unless BoA provides the conduit makes for a bad situation. hence 12000 laid off. I like the cost cutting, but most BIG companies don't right their ship immediately after cutting that many employees. (Companies like GM, Nortel, Lucent come to mind. I can't offhand think of a company in the last 5 years which cut >10000 employees and are bigger now than before the cut)
 
Quote from efficiency:

My understanding of the matter is this a CFC thread.

That I have a long position.

That.........that position is no worse off than it was 4 weeks ago.

That the 52 week low at 15ish closed same day at 20, providing somebody a quick 25% as well as demonstrating what "he" can do. You haven't demonstrated much anything. But "blah blah blah" was cute.

"He" can do it even faster with a simple gap up (or down). 576 million shares x a mere qtr point is $144 million with the flick of a wrist. Imagine what he could do with an alibi?

Oh that's right, TV is a surrogate for imagination aka thinking.
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Who's "he" and what the hell are you talking about? Actually, don't answer that question. I don't think I want to know.

GL effy
 
Thing just keep on tanking lower.

Surprising it didn't head downward alot harder and faster after the layoffs announcement last Friday.

Good to the folks who took the short side of this stock at the present moment.
 
Ahhh, the emotional unstable public, acting as intended as the ax gathers the falling leaves. Afterall, autumn is approaching.

Pssst, until you get below $15, you're basically just re-tracing where you've already been.

When it comes to stories, I prefer Rapunzal, and how she let her golden hair DOWN.
 
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