Monday, January 28, 2008

liquidity comparison between Countrywide and MBIA

Countrywide --24 bil revenue, 2.6 bil NI, 3.5 bil market cap, 200 bil asset --short of capital ~10 bil --source of funding: Deposits (5% CD appealing), FHLB (over the cap 50% of asset, ordinarily 15-20%) MBIA --2.6 bil revenue, 0.8 bil NI, 1.2 bil market cap, 40 bil asset --short of capital ~4 bil --sources: bond (11% + 3M LIBOR), convertible equity

No comments: