Countrywide (CFC) Foreshadows RATE, YHOO, GOOG?

24/7 Wall Street notes that Countrywide is laying off another 900 people (of 60,000).  A small number in the grand scheme, but not confirmation of returning strength.  As described, we believe the mortgage mess could be the trigger event in a cyclical downturn for online advertising.  If so, the chart below–Countrywide (CFC) for the last three months–could resemble those of Google (GOOG), Bankrate (RATE), Yahoo (YHOO) et al for the next three.  Goldman Sachs has a similar thesis–and downgraded the media sector yesterday.

GOOG/YHOO/RATE Chart Next 3 Months?


See Also: BankRate CEO Call: More Reason To Worry About Online Ads

How Bad Will Mortgage Mess Get for Yahoo, Google, Rate, et al?

Opco Optimistic About Mortgage Impact; We’re Not

NOW WATCH: Tech Insider videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at

Tagged In

google sai-us yahoo!