Comments on: Countrywide Financial Takes Hit From Subprime Defaults But Remains Profitable http://www.therealestatebloggers.com/2007/07/24/countrywide-financial-takes-hit-from-subprime-defaults-but-remains-profitable/ Real Estate Blog, Mortgage, and Development News Fri, 20 Nov 2009 23:48:48 -0600 http://wordpress.org/?v=2.8.6 hourly 1 By: Mike Elliott http://www.therealestatebloggers.com/2007/07/24/countrywide-financial-takes-hit-from-subprime-defaults-but-remains-profitable/comment-page-1/#comment-55819 Mike Elliott Tue, 24 Jul 2007 13:38:43 +0000 http://www.therealestatebloggers.com/2007/07/24/countrywide-financial-takes-hit-from-subprime-defaults-but-remains-profitable/#comment-55819 Those numbers are still a really significant hit. Coming in at 11 percent below expectations on profits (even when expectations were low to begin with) is usually a harbinger of more bad times to come for a publicly-traded company. <a HREF="http://mikeelliottsblog.wordpress.com" rel="nofollow">http://mikeelliottsblog.wordpress.com</a> Those numbers are still a really significant hit. Coming in at 11 percent below expectations on profits (even when expectations were low to begin with) is usually a harbinger of more bad times to come for a publicly-traded company.

http://mikeelliottsblog.wordpress.com

]]>