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Long to you nitwit. Read and think man -- read and think. z4
11% percent of institution buying FMNA, Up from 3% ... Wow. Stay close to the elephants!
Go $10 Buck Blue!
In my view it is much more about a platform for creating MBS. Believe about $350 bil in new agency MBS should be created in an average - normal yr. No other platform gets close to offering what FNF do. Other suggested concept platforms are confusing --they are as a clear as mud -- which means one weird and expense market. Not the case with FnF. Their product is known, understood, measurable, easily tradable, and UNIFORM! The fact they are money machines is just another proof how well they are designed.
Fairholme has declared. “There are no substitutes.” The four word that tell you why FnF will be here and doing well in 2025.
Agreed. With the caveat: if the big boys want. They might bring it down again to slam in more huge buys nearer the $1 level. Yet, in the long run Ralph C. gets it right.....to-the-moon. Load up the on rocket fuel. Do believe these levels will be behind us very soon.
Agreed -- Watt did not take nor was offered the job to the pull the plug. So that's very positive for shareholders.
Don't see Watt getting in until late 2013 or 2014. But I agree the gov tab must be paid off before relisting. This is a major, major public policy matter in which the White House holds the high ground. That is great for the common American shareholder.
They reflect the Admin position. To say otherwise would be impolitic. Watch the action and discount the verbiage.
And at @$8 bill net each q, 2014 is the all clear year -- Just about the time Watt takes the helm is my guess. Then fasten your safety belts and get the cameras out.
Fairholme has declared. “There are no substitutes.” Here's the take away of the year.
Dude have you read the FMIC bill? I am sure you have not. Read it and then report back. It is only a lttle over 100 pages. DD requires that - no?
So by 2014 -- out C-ship! Those folks who hate Fannie and Fred missed their chance to eliminate them in 2009 or 2010. FnF are money machines that will not be denied. And the trillion dollar private markets have to know what they are holding and trading. Clarity is all. FnF are the only structures that work. Period. Watch the great green GSE whales run.
That is very good! Remember - there are no substitutes
From Forbes:
Big investors like hedge fund billionaire John Paulson piled into the preferred shares, which need to be repaid in full before the common shares get any value. The whole investment campaign even got a prominent champion in Bruce Berkowitz, who made huge profits on the revival of AIG and Bank of America BAC -1.15%, and whose Fairholme Capital funds accumulated preferred shares of Fannie and Freddie with a face value of $2.4 billion. Berkowtiz’s funds also bought some of the common stock. “Privately-owned Fannie Mae and Freddie Mac are critical to our nation’s economic security, lowering the cost and increasing the availability of home ownership,” Fairholme has declared. “There are no substitutes.”
And add on dips.
I've been around these GSE whales for decades -- like an army of other folks. The truth is that the the GSE business model it one hell of a business model. And Fannie and Fred are staffed with the best in the nation. The leaders towards the end (pre-Sept 2008) became to focused on returns and not enough on protecting capital- a lesson for us all.
Fairholme has declared. “There are no substitutes." for this trillion market. Dead center - equal distant between the eyes. The instruments (mbs) must be know, understood, easily traded, uniform, and of high quality. No other path/structure/platform gets you there.
So accept no substitutes. Keep your eyes on the horizon. Watch for the two big green-GSE whales. It will smell like money when they are near.
Another Plus- Cong. Watt did not accept and the White House did not give the Directorship nomination to the Congressman just have FnF wound down into the ground. This White House does not waste political capital. These guys are very smart. There are likely other plans for them. It will take time to play out but play out they will. PS- Watt did great at the hearing.
You got it. Follow the big boys with big brains and wallets. Good weekend Time for a cold soda or two.
Good call. NT- As rates go up the markets will want and demand instrustments that they know, that can be measured, and that can be traded with at least AA certainty. That will be a retooled Fannie and Freddie. The green whales turn out to be the only game in town in this trillion dollar industry.
PLEASE READ Mikar's message. This legal concept is key to get. This will unfold in a very positive manner for stockholders. The law, the politics and the markets - like time -- are on our side.
Guy-You have no certain knowledge what is in the cards. The big boys will determine that. And many are investing in FandF much to my initial shock. But not any more.
That's a bingo!
Or perahps $45 discounting for future growth!
Treasury will reset the game bd for the markets who will demanding 100s billions of dollars worth of instruments that they need to undertand, measure, and trade.
That's what a re-tooled Fannie Mae and Freddie Mac quickly bring to the table. There really are no actual alternatives.
Rehab doesn't happen over night. But it will happen.
So that is $8 billion new income in just one Q and that is just Fan!
Some are... true. But at the of end day it will be found that Fan and Fred are the best of the secondary martket alternatives. Takings Clause of the US Constitution is in the favor of shareholders. Also and most key -- they are money machines....green will out$$$.
In any case Congress is a long long way from enacting any bills -- pro or con. That is likely a 2015 given the weak economy.
Watch the twin green whales run!
Agreed -- this is one great company ...it is a gold mine. The fact the that the new BVIG stockholders have a 6 month restriction whereas management has 12 says that they folks treat their shareholders very well.
KATX is amazing.
The numbers tell the long term story UP BIG ....
5-24
Mesa Air Reports $1.6 Million Net Loss in April
Regional airline Mesa Air Group Inc. reported a $1.6 million net loss in April on revenue of $70.6 million.
Operating income for the month was $1.5 million. Reorganization items in the month were $2.6 million while interest expense was $1.3 million.
Cash grew from $54.1 million at March 31 to $57.5 million on April 30.
Since the inception of the bankruptcy reorganization, the cumulative net loss is $3.6 million on revenue of $271.5 million.
Mesa's subsidiary in Hawaii, go! Mokulele, did not file.
Mesa, which filed under Chapter 11 in January, at the time had a fleet of 178 aircraft and operated 130, making 700 daily departures serving 127 cities in 41 states, Canada, and Mexico. Mesa now operates 99 aircraft, with 580 daily flights serving 104 cities. Revenue in 2009 was $968 million.
Phoenix-based Mesa listed assets of $976 million against debt totaling $869 million. Liabilities include $393 million on loans secured by 24 owned aircraft, $26 million on three note issues, and $33.6 million secured by 20 other aircraft. In addition, there is $1.62 billion in potential liability on aircraft leases. Mesa operates regional aircraft under code- sharing agreements with US Airways Group Inc., UAL Corp.'s United Airlines, and Delta Air Lines Inc. Delta currently is coming out on top in a lawsuit where it may be able to terminate the so-called code-sharing agreement giving Mesa the right to operate flights for Delta as Delta Connection.
With the Delta issue cleared -- Houston we're clear for launch!
Mesaq might be in a sweat spot - cheap fuel, full planes.
And it makes investing a snap.
$1 - $2 fair target numbers in my book too.
Yes Sir and the economy is on the upswing.
Short term .30 ..long term $1 You bet! And perhaps above.
Another Mesa positive: Oil DOWN "as investors worried that European economies would slow down and hurt the global economic recovery."
Alot of good things about mesaq:
1- Positive equity
2- No DIP
3- Low float
4- good volume
5- good manaagement
6- oil down- good for future years' earnings
7- recession ending -- flights and then stock up!
Believe the elavator doors are shutting. Up we go. NO DIP financing, good CEO, good routes add up to the promise land of Qs - dollarland. GO MesaQ
This message confirms it: Pooheads should be quiet and not heard.