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There are two ways to build new houses.
1. Build on site.
Too much time needed.
Too much on everything from labor to lumber etc.
2. Manufactured homes.
What is a manufactured home? You probably grew up calling them mobile homes, but the times, they are a changin’. They’re now known as manufactured homes, and while some elements remain the same—for instance, they’re still built off site and then assembled on site on a rectangular chassis rather than a permanent foundation—today’s manufactured homes are far more customizable and luxurious than mobile homes of the past.
https://www.realtor.com/advice/buy/what-is-a-manufactured-home/
https://ir.skylinechampion.com/overview/default.aspx
Example , skyline champion corporation , ticker is sky.
Democrats and biden are seeking option 2 in order to reduce high price on new houses for low income families.
Just sent out letters to some News agencies:
“On a follow up to the continuing Crime of the Century. All of the on-going lies from the government on the Stassy like nationalization of Fannie and Freddie to cover up the gutting of the financial back stop of the entire real estate industry. The very purpose of these companies are to offer continuous liquidity in a Down Turn in real estate. The government has squandered this buffer coupled with the Fed backing itself into 0% interest rates, printing money and rampant inflation. There will be an trifecta exaction for this gov foolhardy behavior all the while spewing “Rule of Law”, “Transparency”, “Honesty”. This is happening in broad daylight right in front of our faces and after 13 years of the lies, no one can say
“Who saw this coming?” Please for the love of god do some good old fashion investigative journalism and reveal the truth, the whole truth and nothing but the truth!!! No matter where it leads.
Thank you in advance for your soon to be massive success bringing this to the American People.
Me”
This is a common board. The pinned post should not be about jr pfds.
“ WE DO NOT NEED A FAVORABLE OUTCOME IN THE COURTS FOR THIS TO BE A HIGHLY SUCCESSFUL INVESTMENT !!!! “
- BILL ACKMAN
https://www.gurufocus.com/news/1510153/bill-ackman-comments-on-fannie-mae-and-freddie-mac
REPEAT - “ WE DO NOT NEED A FAVORABLE OUTCOME IN THE COURTS FOR THIS TO BE A HIGHLY SUCCESSFUL INVESTMENT !!!! - BILL ACKMAN - 08/25/21
Bill Ackman 08/25/21- “Fannie and Freddie continue to build capital, becoming better capitalized and more valuable each quarter.
As we have explained before, we do not need a favorable outcome in the courts for this to be a highly successful investment, as we believe the re-privatization of the two GSEs is their ultimate path, and existing shareholders will be beneficiaries of this outcome. That said, a win in the courts would greatly accelerate this outcome.”
https://www.gurufocus.com/news/1510153/bill-ackman-comments-on-fannie-mae-and-freddie-mac
Cool did you mow the lawn?
$.79/ order didn't fill today
Maybe tomorrow.....
This is where it was 8 or 10 years ago where a lot of money was made in the multiple rip and dips to $6.00
I bought today at $0.91 and $0.87. I believe the authority will need to release the GSEs someday.
I will buy again at each $0.1 gap. Look forward to seeing $0.2, the all time low.
We are at .90
I am out of cash until the end of the month. These are cheap prices. I wish I would have waited but overall I am happy with my buys. Good luck guys.
I have been buying on the declines. I sold all my CAT stock and looking to buy 15000 fmcc tomorrow at under a buck to a $1. Good Luck.
I got 1000 shares today at a dollar. Wow. How can you not buy a few shares at $1?
Where are the three average joes? Did they sell and move on?
Curious if AGTHX rolled that 8% shrink in position to one of the preferred or bought back in lower….
Mortgage moratorium ending soon. Buy now.
$FMCC Supreme Court: Mortgage overseer structure unconstitutional
The Supreme Court sent the case involving Fannie Mae and Freddie Mac back to the lower courts https://www.foxnews.com/us/supreme-court-mortgage-overseer-structure-unconstitutional
$FMCC Total Debt (mrq) 2.71 trillion
Same old song for 8 years.
Now wouldnt it be something if all the junior preferred were accelerated redemption before earnings; then the companies anounce a dividend to all common shareholders at earnings…
The message is dont mess with the government, and when it comes to capital structure the government does not care.
The Conservator (Acting) Has all the powers of ALL shareholders. She can do whatever the she wants to; and it would be perfectly legal.
She can redeem all the jr preferred stock now at current market prices or wait for them to lose more court cases; i.e., Lamberth gives them another big loss and they drop below a buck.
Today’s prices are the best jr preferred hokders will get other than at most ‘Par’ of $1 a share.
Watch Fund Manager Beg Clients To Keep Holding On To Jr Preferred Stock!
Panic Setting In For Jr Preferred Stock Holders This Weekend….
This Fund Manager Must Be Under A Lot Of Pressure After SCOTUS , And After Clients Received Notices From Brokerages Of Accelerated Redemption.
fmcc shorts covered 18.75
https://otcshortreport.com/company/FMCC
FnF listed in this article, may be why we're up
http://finance.dailyherald.com/dailyherald/news/read/41523585/hot_robinhood_penny_stocks_to_buy_now?_12_for_your_2021_watchlist
What damages could be in play? Drop in share value and/ or dividends?
Price says otherwise. Plenty of average Joe’s have lost a lot of money with the sky high estimates thrown out on this board.
Last one out, turn off the lights. Nothing is happening soon.
Why SCOTUS opinion is good for common shares:
The structure of FHFA is unconstitutional. The decisions for spspa, warrants, treasury preferred are invalid as the decisions were made by a Director (not Acting Director). No more Senior P debt.
“The judgment of the Court of Appeals is affirmed in part, reversed in part, and vacated in part, and the case is remanded for further proceedings consistent with this opinion.
It is so ordered.”
That’s an order. Section 6.7 spspa is in effect.
P shareholders win the APA claim, which also helps C holders (someone please remind me what that is)
Treasury is not sucking out proceeds from the NWS, but C shares aren’t able to benefit from profits. Directors, not Acting Directors, COULD have corrected the language in the 3rd amendment. Damages started once Director (Watt?) was in place 2014, IF a lower court determines that damages are warranted.
SCOTUS remanded to lower courts for P share compensation, which may never come.
Calabria’s 4% Capital Rule is dead. Watt’s Capital Rule is 2% (although I have not gone back to verify that) FnF have cash now for 2%. .
Accelerated redemption of P shares (per letter put out about a month ago) plus 2% Capital Rule will put FnF in condition to release. No more Junior P share debt. No debt at all.
Lamberth’s deadline request for documents is in July. (from Jose yesterday: The parties are asking Judge Lamberth to extend Treasury’s deadline to respond to Fairholme’s sealed discovery motion to July 13. The parties say they’ve resolved one attorney-client privilege dispute and may be able to resolve some more if given more time)
The Federal Circuit has scheduled oral argument on the appeals from Judge Sweeney’s decisions for 10:00 a.m. Aug 4.
I bought 1k shares yesterday..."on the dip."
1$ gonna hit again??? Seen this many times now for many years.... ty mr Democrats?
This is just the sort of bad news-dirt cheap price drop that is a buying opportunity for longs. No fast money here but I would squirrel away spare bucks in shares and wait.
Biden plans to replace Fannie Mae and Freddie Mac.
supreMe court ruling that was not great for shareholders. Oh well.
Sold out a long tiMe ago but was always hoping to see justice done.
Issue is not coMpletely closed, but this was a big blow.
Why the big drop today? Anyone know?
I added at 1.25 going up now
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