The Countrywide investment club
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Because this blog has been so focused on Countrywide, it has lost sight of some other troubled companies with exposure to the housing meltdown.
Commenter TakeFive points out that Standard Pacific stock has been in a Countrywide-like downward spiral lately. The homebuilder’s shares, now trading at $2.18, have lost 95.5% from their recent peak. For comparison’s sake, homebuilder KB Home shares have lost 78.7% from their recent peak.
Washington Mutual shares have also taken a beating, though they were propped up today by talk of a possible JP Morgan Chase takeover. WaMu shares, at $14.70 today, have lost 67.5% from their peak.
I‘m happy to track these stocks -- the Countrywide Investment Club -- and will include others. Use the comment section to call attention to your favorite laggards. You can also predict survivors and winners in the category, if you care to. E-mail story tips to peter.viles@latimes.com.