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trading strong now clearly heading up
trading strong now clearly heading up
Very solid fund here in a sector that has a very bright future
boil imo will spike to $60.00 this summer. Combine a heat wave and a hurricane the upside run could be even larger
keeping in mind no one expected fnma to turn profitable again or pay treasury back. The amounts of their revenue/profits along with their strong forward guidance is a game changer. Everything enacted on fnma so far was done so not expecting these events to ever happen. Key imo is to continue to be profitable and pay off the government. If that takes place as it appears it will shareholders will win back their equity. Which is many multiples from the current levels
No but I did sign the other petition to end the government control and I will buy more shares.
next week trading has nothing to do with where fnma ends up. Nothing
I think you will see new support coming from many different people because of the unexpected massive revenues and profits. All the plans that are on paper now were made under the assumption FNMA would never be profitable certainly not to the tune they just reported. That 50 billion dollar check is turning heads.
Your correct but that was before the massive profits and the strong forward guidance. The 50 billion dollar check sent to treasury. The lawsuit is new as well. My take is the financial reports are a game changer. I am buying and socking away shares. This still has to be labeled very risky but it also has massive upside potential
All this talk of winding down blows my mind considering
2008 Total Assets were $912 Billion.......2013 Total Assets $3.2 TRILLION . Not doing to good of a job winding down are they?
Yes of course it can. Lets keep in mind no one expected fnma to turn in- revenues and profits of this magnitude. This is a game changer if it continues. -Simply put many new options will be discussed. Corkers bill looks doa to me
You are 100% correct. They made it clear they want to dissolve FNMA gave no hint they want to keep the company as is. However how are they going to do this? They are suppose to be winding this down yet
2008 Total Assets were $912 Billion.......2013 Total Assets $3.2 TRILLION ( Good Job Winding Down... lmao)
FNMA will pay more in dividends to the Treasury then they received. This will change the political conversation. Congress has no other viable solution.
Keep in mind Fannie Mae did a great job helping stablize / restore the housing market and the economy They will not dare to mess with that anytime soon..take that to the bank!!
What happens if profits continue at this pace and government is fully paid back? You think they can continue to rape all the profits and not include shareholders at that time? Hell will to be paid if they try that
I never seen shareholders lose on a profitable company. Bottom line this is going to be wild and no one knows how it will turn out. There is the potential to lose all as well as the potential to bank big. There is also plenty of time for great trading that part is a given. Myself will keep a solid amount of shares tucked away because I think the potential to bank big is the likely outcome assuming revenues and profits continue at a strong pace for years to come
They have said nothing recently but are the recipient of a 50billion dollar check from fnma. They did not anticipate such an incredible turnaround. This is why I say the revenues and profits are a big game changer now. The news could be quite good in time
That move to the 5's shows me how fast this can move with the right news. Literally if the government changes tune we could hit $10.00 instantly
This lawsuit is strong leverage to end the government control. The government bailed out the auto industry AIG to name a couple monster companies and only FNMA shareholders got the boot. That is not going to stand. I am in full support of the suit. Its needed and will open cans of worms the government doesn't need opened
Must have a share price of $4.00 and meet other criteria
http://usequities.nyx.com/regulation/listed-companies-compliance/listings-standards/us
but developments can make it worth that much again to the common holder. Would not want to be out if the right news came after market
Chances are much better than that lol. The numbers are a game changer. I may have agreed with your statement a year ago. Even then a little dramatic
You nailed it. These are the reasons we can buy the stock at many multiples below its worth. The risk is there to lose all. Lose all or life changer stock. I like the chances as I just can not see this going to liquidation. Not if the profits keep soaring like this. Keep in mind everyone got caught off guard here. No one expected these kinds of numbers. You can bet support for the government backing out is going to start growing.. wish I knew how it will end : )
Keep in mind very big money is on this. It likely was shorted heavily and with all the profit on the table from recent big runs it was easy to bring it down. Then as it comes down you get panic sellers that begin losing money. Until the government cuts this loose there will always be a big unknown so I do not expect the stock to get valued properly until we know for sure what's going to happen. I see support at the 50mda of 1.37. I am not flipping bought in higher. Will continue to pick spots to add for the long run. It is my belief this company will be reborn again and the government will step back. If that happens then proper valuation occurs which is multiples higher than where we are now. Life changer potential. Best of luck to all will be a wild time here
I think they can sell anytime. And they usually know when to sell. This stock would go up multiples and multiples if the government backs off. Then their shares worth $$$$$
here is a good post with some good info on that topic
McInc Saturday, June 01, 2013 2:34:58 PM
Re: Rjrcortes post# 51256 Post # of 66313
Corker's proposal is not something new, it mirrors a few that were drawn up 10 or 20 years ago.. People have long forgotten about them..'coz they didn't go anywhere and GSEs remain as they are - the public-private model, just like they have been for decades.
June-August period, gonna be game changer for Fannie & Freddie.
and that's why it has been so volatile and violent lately, especially when they both hit the significant $5/sh mark.
www.housingwire.com/news/2013/03/14/senators-warren-corker-reach-across-aisle-gse-reform
it's funny that share price of Fannie and Freddie started rallying exactly around the time this hit the wire..did the market know something ppl. didn't know? one thing's for sure though, market is always correct, period.
"If Congress uses guarantee-fee hikes to fund other programs, it will eventually become impossible to reform the GSEs—an initiative that has bipartisan support, Sen. Corker pointed out."
--- well, too bad, the Gov. is already using the fees generated from these two cash cows to fund their programs and to reduce deficit.. Corker should know better his move is doomed anyway (but of course, like any politician, he will play dumb and pretend he doesn't know just to save his political face..lol).. c'mon, ppl. you all should know better that politicians are just puppets, they have NO real power, PEOPLE WITH DEEP POCKETS have power, and people with deep pockets want Fannie and Freddie freed.
"If Treasury were to decide to sell its preferred share investment without Congress having first reformed our housing sector, we would just be returning to a time where gains are for private shareholders and losses are for taxpayers," said Corker."
--- this is gonna come back and slap right in his face when F&F pay back all taxpayers' money in dividends and some more.. and the market cap. for both companies rise to a level that Treasury's stakes in these two are guaranteed to make hundreds of billions of dollars for taxpayers (already proposed by some hedge funds who are willing to pay close to $200 Billion for Treasury's shares)
http://www.corker.senate.gov/public/index.cfm/2013/4/corker-says-fannie-and-freddie-income-no-excuse-for-inaction-housing-finance-reform-still-needed
"I’m glad Fannie Mae is showing an increase in income, but we have to remember that this is largely because we have crowded out private capital and made Fannie or Freddie the only viable execution option for new loans. So while I am hopeful that taxpayers can quickly be repaid for their investment in the GSEs, we must focus now on building a more sustainable 21st century system of housing finance that restores the private mortgage market after years of government dominance. I hope Congress will take the necessary steps to ensure housing finance reform can happen as soon as possible,” said Corker."
---- now less than a month later he's become hopeful that "taxpayers can quickly be repaid", such a contrast against his previous argument.. he knows his proposal is gonna be fucked, very weak case to make in any place, only gonna get even weaker as Fannie&Freddie market cap. appreciate.."sustainable 21st century system of housing finance", the GSEs have existed for decades, nobody's gonna listen to what he says.. just noises after all:
http://www.cato.org/publications/policy-analysis/mounting-case-privatizing-fannie-mae-freddie-mac
as you can see, the concerns for Fannie/Freddie's quasi-governmental status have been around for a long long long ass time..and guess what has happened? NOTHING! NOTHING has ever happened. GSEs remain as they are because after decades of experience, they ARE the best way to run the housing market in this country, period.
those noises around winding down F&F are mostly based on a scenario that should a crisis take place, GSEs would "cost taxpayers" mounting losses..
BUT, the truth(fact) is: taxpayers didn't "bail them out" in the '08 crisis, they "invested" in these GSEs at a good timing, just like how smart money works on Wall Street - BUY LOW, SELL HIGH! Taxpayers bought interests in these two companies during a crisis that represented huge financial opportunity for them, and years later, they are raking in hundreds of billions of dollars in profit, while improving the economy, their overall wealth, and well-being at the same time..
this is the American Way that everyone in this country should be proud of. Nothing can get better than this!
Corker et al. have no chance. their proposal will end up just like this article -- some 16 years later and nobody barely remembers...
Corker argues that the system is "flawed" and his proposal is better than decades of GSE experience;
Can Corker or ANY POLITICIAN guarantee that there will no more housing crises if Fannie&Freddie are wound down like they proposed (even though in their proposal they don't even know HOW EXACTLY are they going to do that to a 10-trillion dollar entity - without any disruption to the market or economy or the public interest)?? anyone with a slightest knowledge in economics should know that housing market moves in cycles just like any other markets: there are good time, and there are bad times, it's just natural, it's in the structure of Capitalism (and Corker wants to start a REVOLUTION on Capitalism! hello? is he crazy? ).
Corker then argues that GSEs bring losses to taxpayers..
now this one is even better, 'coz in Fannie and Freddie's case, shareholders hold the strongest claim: it WAS NEVER a mistake for taxpayers to invest(or bail-out) in GSEs during the housing crisis - with implicit guarantee from the U.S. government, it was the best INVESTMENT ever for taxpayers; in fact, the bigger the crisis, the bigger the eventual profits for them..
for a very simple reason: the U.S. Government has practically monopolized this market with close to zero risk and unlimited reward; and Corker is saying that Uncle Sam should not make money like this...
LOL, I think it's fair to say that Uncle Sam will not let Corker et al. have their way.. and whenever Uncle Sam wants something, there should NEVER BE QUESTIONS ASKED!
taxpayers will profit in hundreds of billions of dollars from their investment in Fannie and Freddie - it's a guarantee!
Corker's proposal is a nightmare, will only create more chaos and uncertainties for the housing market, he's the true enemy to taxpayers.
let's just wait until Mel Watt's nomination is confirmed..
http://articles.washingtonpost.com/2013-05-01/business/38957583_1_fannie-and-freddie-housing-market-freddie-mac
"As a North Carolina congressman, Mel Watt has tried to arm struggling homeowners with a legal “sledgehammer” against lenders and expand the ranks of people eligible to cut their mortgage principal. Democrats, including those who serve on the House Financial Services Committee, the panel handling housing issues, said he will advocate a balance between public and private support for homeownership.
Those positions help explain why President Barack Obama has nominated Watt, a Democrat, to oversee Fannie Mae (FNMA) and Freddie Mac, the mortgage companies seized by the government in 2008. They also underscore Watt’s uphill climb to gain support from the Senate Republicans he’ll need to win confirmation.
When the Banking Committee takes up his nomination as early as next month (June), “All I’d be asking for is a fair shot and consideration of not labels but experiences,” Watt said. "
"To win the 60 votes needed for confirmation, Watt must gain support from at least five Republicans if he’s backed by all 55 senators who caucus with the Democrats. So far, Senator Richard Burr of North Carolina has been the only Republican to back him.
Democrats are reaching out to Republicans from states with high foreclosure rates in the hope that some of them will break ranks."
4 more Republicans and Corker will be kicking himself..lol
putting together all these pieces, you should be smart enough to understand why big money (working with market makers and operators) are buying into shares of Fannie&Freddie (preferred or common, they move together since their values and fate are so closely tied up), and why politicians, hedge funds, banks et al. are lobbying so hard for the eventual release of these two housing giants.
bottom line, in America, Wall Street ALWAYS wins;
we're not China or North Korea or Cuba or sth.. We are the Symbol of Capitalism..
Washington has no chance against Wall Street, market will dictate their action, and market WILL TELL THEM WHAT TO DO.
period.
GLTA
Fannie Mae, Freddie Mac to help cut deficit
U.S. taxpayers will soon reap a nearly $67 billion benefit from the recovering housing market, which will help to shrink deficits and delay the need to raise the country's debt ceiling.
On the heels of exceptional earnings by mortgage financing giant Fannie Mae, the Treasury Department will soon receive $59.4 billion in dividends from Fannie, which the federal government took over in September 2008.
On Thursday, Fannie recorded its largest ever quarterly pre-tax profit, which follows the company's record annual profit for 2012.
A day earlier, Freddie Mac said it would pay a $7 billion dividend to Treasury. It, too, was taken over by the government in 2008.
Rising home prices and a decline in foreclosures have helped restore Fannie and Freddie to profitability, something few expected would happen during the depths of the housing crisis.
The dividend payments make a big dent in paying taxpayers back for the government bailouts. And because they will continue to pay profits to Treasury, their payments could soon exceed what the government invested.
Related: Homebuyers clueless about mortgages
More immediately, the dividend payments will help curb the country's annual deficit, which has fallen sharply in the first seven months of this year.
They will also buy Treasury -- and, by extension, Congress -- extra time before lawmakers will need to raise the country's debt limit.
Unless Congress acts in the next week, which is not expected, Treasury will have to use "extraordinary measures" so the government can pay its bills without breaching the borrowing limit.
Fannie Mae to Send $59.4 Billion in Cash to Treasury After Record Profit
Fannie Mae said something Thursday that would have been unthinkable a few years ago: It earned a record $58.7 billion profit in the January-March quarter.
And it made clear it's on the cusp of repaying taxpayers for the most expensive bailout of a single company in the financial crisis.
For Fannie, the future hasn't looked this bright since 2006.
More Americans are buying homes. Prices are rising at a pace not seen since the housing bubble burst. Banks are lending only the most qualified buyers. And many fewer homes are falling into foreclosure.
All of that is a boon to Fannie and its smaller sibling Freddie Mac, which own or guarantee half of all U.S. mortgages and back nearly 90 percent of new ones. When people buy homes and nearly all pay their mortgage bills, Fannie and Freddie can't help but make piles of money.
And it's a big reason Fannie decided the time was right this year to capitalize on the tax benefits of the bad loans it absorbed during the crisis.
On Thursday, Fannie said that it applied tax credits it had saved from its losses on delinquent loans suffered during the crisis to its first-quarter earnings. By applying those credits to its 2013 taxes, Fannie reduced what it owed the government and boosted its profit.
The result: Fannie made more money from January through March than it had in any other quarter. Of the $58.7 billion earned, nearly $51 billion came in part from using the tax credits. That followed $17.2 billion in profit earned last year. And Fannie says it expects to stay profitable for "the foreseeable future."
Nearly all of that money is going back to the government, which rescued Fannie and Freddie during the 2008 financial crisis with a combined $170 billion in taxpayer-funded loans.
Under a federal policy adopted last summer, Fannie and Freddie must turn over their entire net worth above $3 billion in each quarter to the Treasury. Fannie said its net worth in the first quarter was $62.4 billion.
Fannie will pay a dividend of $59.4 billion to the U.S. Treasury next month. Once that's paid, Fannie will have repaid $95 billion of the roughly $116 billion it received.
Freddie is also profitable again. It reported Wednesday that it earned $4.6 billion in the first quarter and will pay a dividend of $7 billion to the Treasury next month. Once that's collected, it will have paid back roughly $26 billion of the roughly $54 billion it received.
Fannie and Freddie don't directly make loans. Rather, they buy mortgages from lenders, package them as bonds, guarantee them against default and sell them to investors. In doing so, they help make loans available and exert influence over the housing market.
For Fannie and Freddie, a better housing market means fewer delinquent loans on their books. The companies are also charging mortgage lenders higher fees to guarantee the loans. With more loans and higher fees, Fannie and Freddie are earning more.
Fannie and Freddie are also taking on less risk than during the pre-crisis years. That's because banks are requiring higher credit scores and larger down payments from prospective buyers.
With money coming in again, Fannie approached federal regulators and its auditors in recent months to work out the best timing for using the tax benefit from its previous losses.
Companies sometimes use losses to reduce their tax burden when they become profitable. Another company that received a big bailout in the crisis, major insurer American International Group Inc., for example, had a tax reduction worth $17.7 billion in late 2011. AIG repaid the $182.5 billion bailout over the years and the Treasury sold the stock in AIG in December, severing its final financial link to the company.
Freddie CEO Donald Layton said the company could consider making an accounting change similar to Fannie's as soon as the April-June quarter.
The Obama administration proposed a plan in 2011 to slowly dissolve Fannie and Freddie, with the goal of shrinking the government's role in the mortgage finance system. But Congress hasn't yet decided how far the government's role should be reduced.
Read Latest Breaking News from Newsmax.com http://www.moneynews.com/FinanceNews/Fannie-Mae-Treasury-Earnings-Profit/2013/05/09/id/503584#ixzz2W9OFJpdI
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It is a very clear message sent. The government will wind itself out of this. FNMA just has to keep delivering results and be on target on its forward guidance. They already stated they expect the recent results to continue for the for seeable future, at least three years. We have fantastic recent results and fantastic forward guidance. Earning seasons are going to be a catalyst for this stock. When that's the case you will see the stock start to move weeks prior to the earnings report.
Best of luck to you. I certainly do not know what will happen here but the DD has made it clear the potential to make a very large sum on money is on the table. Would be hard pressed to find a $2.00 stock with the potential this has. We all must remember this is controlled by some very big hands. They may even drive it down further. No time to get shook out. I do think the next time they cut it loose we will have another big move.
That's a nice target. Thinking a couple years down the road it could be multiples of that.
Every so often an opportunity comes along that can make you a great deal of money. My DD has landed me here. I am buying and will continue to add. I want a large enough position so when what I think will happen( major upward moves) I can take some off and still be able to hold a decent position long term. Mattress stuffer shares.
Bottom line with these kinds of revenues/profits this is seriously undervalued and the fact they turned around like this is simply put a game changer. Going to be a fun show
You do not call going from an os of approx. 37m to near 400m in a week massive dilution? wow
gl..I am outta here hope my last posts here help a few
When I seen the massive rise in OS I sold as this has proven to be total junk. One must review the limited financial info carefully as the writing is on the wall for much more massive dilution to come. Dividend? that's just funny. I guess that will be their big excuse why they raise the AS.
I like the business models here very much. If they manage this properly and execute the potential increase in share price is quite big. I was surprised but quite pleased I am able to buy a low AS stock that is in the medical marijuana sector that was this cheap. This one even has more to offer than that. Nice
Yes indeed. Most smaller corporations will honor the IP without Litigation as we have already seen evidence of this through signed license aggrements. Larger Corporations will test your resolve and ability to defend your IP
"Patents, copyrights, and trademarks do not "protect" your invention or intellectual property. "
That is true but there is much more to that one line statement. Fact is you personally can protect it . It appears that is exactly what MMRF plans to do and most will honor them : )
No intellectual property rights actually "protect" you--they just let you "defend" your rights by, through the courts, legally attacking parties violating your rights. Generally it is NOT a CRIME for anyone to violate your intellectual property (patent, copyright, trademark) rights therefore the government will not enforce your rights for you, you must instigate a civil suit and play it through at your own expense and trouble. There are some situations where copyright violation is a crime but I do not believe there are any situations where patent infringement is a crime.
But there is good news too. The vast majority of people will honor your intellectual property rights when you have the evidence to support your claim. Use the menu at the right to look at specific topics covering both how to secure your rights as well as how to enforce them.
I rarely post anymore but seeing something that is potentially the real deal and could net explosive gains I have to point it out. I was in this stock when it ran to the.30 plus range quite some time ago. Have not been in since but always watched. I am in again solidly
Bring it Bob I find you the most talented CEO with most upside potential I have ever seen in pennyland
Best of luck everyone..could be that 1 in a hundred or more..fingers crossed
up 4.5% today moving north in after hours
tensions in the middle east Iraq calling for a ban on oil to the US. This ETF is the second most liquid ETF in this sector and should be not only in play but moving north. Solid start Friday up over 2.5%
Filings said she sold shares and proceeds were a contribution to capital. Aditilnally Brand E clearly needs a significant higher share price to make any mon.ey. all documented in SEC filings. I urge all shareholders to read filings. If you do not understand something ask a qualified person. No one here
Have a great day everyone
Wrong. Read the filings Reggie James is in at that price. With all his shares received for the acquisition of DC and Linda has not taken a salary
Simply put I still believe there is strong potential upside to the current market cap. That is why I am still here trying to work for shareholders
Considering the current market cap if/when the company delivers something significant on any one of their various platforms the stock and market cap could rise swiftly.