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
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment