Fannie Mae (FNMA)

[rekcusdo]

“Do my expectations have to be right - or just reasonable?

When I bought my f&f juniors I really did expect that as soon as the companies appeared to be financially stable and profitable for a few quarters "they" would resume paying dividends. I mean - why wouldn't they? I kind of figured the commons would be tied up for a few years waiting for congress to "fix" them, so bought the juniors to make some quicker profits.

My expectations turned out to be reasonable - but wrong. Does that vacate my claim?”

Your expectations need to be objectively reasonable. What you personally consider reasonable is irrelevant. The courts will determine if it is objectively reasonable to expect future dividends on a stock that has had dividends suspended in the past. They will decide if an average person would expect this.

If you want to know how the law tends to veer toward expecting future benefit but ignoring present or past knowledge, I present to you a common defense in real estate claims calling “coming to the nuisance”:
https://www.google.com/amp/s/dictionary.thelaw.com/coming-to-the-nuisance/amp/

The theory suggests that if you move next door to a music studio, and knew it was there, you can’t then sue the music studio for disturbing the peace since you knew it was there.

Knowledge DOES matter.