Looking for a great return?

Try Countrywide bonds, which Deal Journal reports are being priced at between 25 percent and 35 percent. Of course, they don't come due for another 12 months, and goodness knows what will be of the Calabasas-based mortgage lender by then. Bond yields that high are usually for companies on death's door - except that in Countrywide's case, the end may not necessarily be near. A number of analysts say that the company's troubles are overblown, though don't tell that to investors. With an hour or so to go, the stock was down around 16 percent.


More by Mark Lacter:
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Amazon keeps pushing for faster L.A. delivery
Another rugged quarter for Tribune Co. papers
How does Stanford compete with the big boys?
Those awful infographics that promise to explain and only distort
Best to low-ball today's employment report
Further fallout from airport shootings
Crazy opening for Twitter*
Should Twitter be valued at $18 billion?
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Mark Lacter
Mark Lacter created the LA Biz Observed blog in 2006. He posted until the day before his death on Nov. 13, 2013.
 
Mark Lacter, business writer and editor was 59
The multi-talented Mark Lacter
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