Beazer, Countrywide And The Housing Stock Sucker Rally
A number of home mortgage and home building stocks including Beazer (BZH) and Countrywide (CFC) are up ahead of President Bush’s speech on what he will do to improve the sub-prime mess.
Of course, since no one is sure what he will say, or if any of its will require approval from Congress, putting a new number on the value of these companies is just a guess.
And, guesses can be wrong.
Douglas A. McIntyre