Countrywide Assured gets cynical treatment in thequestorcolumn in The Daily Telegraph.
It suggests that the shares remained at 92.5p yesterday following its announcement that it was no longer in takeover talks because few investors ever really believed a sale was on the cards.
It recommends the stock should be avoided despite “important initiatives” to develop the business in “new directions”. The column says the disparate businesses could be sold off to enhance value but this is something the company had always shied away from.
The Daily Telegraph 02/02/01 page 37 (thequestorcolumn)
