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GZ man. Missed the boat, but happy for anyone making a nice profit.
LMAO, no
Why? It was always a question of favorable ruling or not. I read half now and there is really not much positive.
This investment is over unless the government by itself wants to get out of it
Why? Every 10 mins there is a new one. Don't need to hit F5 all the time
Net worth sweep is illegal and either the government has to pay it back 100% ($180bn+)
Or the warrants are repaid bs the sweep and only overpayment have to be paid back (in the form of tax credits)
It all can be sooo simple.
There was always a chance of losing 5:4 with one judge voting out of line.
The chance is much lower with a 5:3 conservative majority.
Well not THE worst, because you still didn't loose any money if you bought at $1
But in terms of gains, there is nothing here, unless you traded
Exactly. I even prefer a bad ruling over none. In that case I could finally move on from this "investment"
How is this bad? Not hearing the case would be bad.
Getting in front of the SCOTUS is always already a win.
Amen Brother
Daily reminder, that this stock is a complete joke.
When the market drops 30%, this stock drops 60%
When the market recovers 60%, this stock gains 20%
This stock crashed 57.5% within a month.
So $3.4bn fee a year for F&F, but being free from the fucking government and their profit sweep?
I take that every day of the week.
But I suspect they still want to own 80% and get everything repaid in addition to that fee.
35c drop yesterday 40c rise today.
This is the FNMA I know
You sold at low and will buy back at a higher price later? GZ
Neither.
Stocks drop sometimes.
The overall market was down heavily. And the good news were not as good as anticipated.
The new capital F&F can keep, is added as liquidation debt.
Gap fill at $80. Still waiting.
Who cares? They get back all the sweeps since 2018
100% given JPS will be way lower than commons at the end of all this
100% agreed.
This is just a minor detail. Would be nice tho, so start with some part of the $3.4bn of Q2 profits already.
9/30/2019 is end of third financial quarter.
9/30/2019 is also the end date for second quarter profit sweep to be booked.
But it's not even sure if the sweep is already done or not.
Goverment always talked about ending sweep for third quarter and 30th September
Read this:
https://www.fanniemae.com/resources/file/ir/pdf/quarterly-annual-results/2019/q22019_release.pdf
Sweep isn't done until sometime in November anyways.
September 30th is end of Quarter.
10Q filling is not before end October / early November
FNMA quarter ends September 30th
The 10Q won't be released until end of October.
The sweep happens shortly after that.
I don't see how they could potentially put one more in.
Exactly. The stock closed above $4 for 3 days already and wasn't uplisted. It's up the the government.
Can you elaborate on that?
Because commons will increase at a slow pace, while preferred have not much upside. And when they get exchanged, commons already had a great run and 300% extra gains?
This is perfect.
This is the dream.
FNMA will raise capital on their own and when they have enough they'll released.
Just something like pre 2008 hopefully
$1bn a year
10% of profits a year
Let it be costs, so it's tax effective.
That would be totally different from a profit sweep.
You could make soooo much money if you play this stock the right way. Sadly I didn't
How big were the fees before 2008?
That's how i read it.
Exactly. What number do we expect tho? $1bn a quarter? $1bn a year?
10% of profits? 15%?
100% agreed
Nah, that's good.
Final loss for the government is the ultimate win for shareholders.
There was a lot of uplisting talk back in 2013
Not sure what would be needed.
Ending the NSW is the only thing they can do without any plan.
And it's the one thing they have to do now with the ruling in place
Holy shit. That is an expensive entry.
But I hope you'll make your money back.