Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
No camaro yet 4 me.
FNMA will not explode without details on how they plan to raise money.
The potential for massive dilution will temper any run as investors have a lot of risks to face with upcoming dilution.
Thanks nsfraudbuster
The lemmings sure were slow with this article from March of 2016.
Has the poorly written and error filled average joe plan been revised downward? I recall it being $1,000 per share.
That is one theory, although probably not the correct one IMO.
I don’t know how many times it has to be said but recap thru just retained earnings will not be fast enough.
It is because there is no secret slush fund. The money went to a general purpose account and was spent.
Are we being taken to the woodshed by the news that bank like capital is the wish of Calabria?
Every time we “catch a break” we get shafted the next day.
Does anyone know is there will be more dilution after the warrants? Really don’t want to go from owning 20.1% to owning less than 10%.
Yay dilution! Is that a good thing for common holders?
Wonder if the average joes sold out in hopes of buying lower. Not a single peep today. They could have also rotated like Ackman, lots of unknown questions.
Time to go to Canada and pull out the secret warrant letter.
How can you say the sweep money was put into escrow when it was not?
It has been spent. There is no secret escrow fund.
If there is one thing this board should have learned by now it is to not expect deadlines.
Just like the savior DC lawyer who was a slam dunk or Sweeney or dividend suspension.
There is no time table for fnma.
Anemic volume. Last one leaving turn off the lights.
Interestingly enough, FNMAS has right about the same dollar volume as FNMA so far this morning. Keep in mind, that is just 1 of the pfd shares. There are 35+ other ones.
I guess the rumor about them being halted was quickly shut down.
Well on to the next idea!
If you refer to the average joe plan 2.0, I am pretty sure this is discussed.
Make sure you are not looking at the first iteration of it that is littered with spelling errors and is 1 page.
"Government appeal won’t happen because they already have a plan."
Pure unsubstantiated claims.
There is no substantial news that would lead to the theory of Berk buying commons. The only “DD” on the matter is a misprint in an article with autofill that goes on to state he is holding pfd shares.
If you have any other evidence, please share and TIA.
Embarrassing for Fannie holders.
How low will it go?
Could this bleed be a preview to the En Banc ruling?
Last one here turn off the lights.
If the price is indicative of the ruling, do not expect a positive ruling for shareholders.
Will we go sub $1 again?
And now Fannie holders look like greedy hedge funds wanting a quick dollar.
He said he was committed to ending the conservatorship.
Please do not make all Fannie holders look bad by tweeting this garbage to the hand that will feed you.
It will be swept imo.
Why would they be arrested for doing something completely legal?
Impressive given some of the rotation to pfd shares like Ackman.
Sell the pop and buy back in at 2.40 next week. Happy trading sir.
Old news.
Even the most seasoned average joes are slowly rotating to pfd.
There is no immediate news coming. Try back in a month at a lower price.
Interesting that all these funds are allocating larger to the pfd side even though this board makes certain it will be 50x for commons and 3x for pfds.
Seeing red everyday is getting depressing. Might sell my last 10k common and go full pfd.
Why is share price not reacting?
Can we expect another red day tomorrow now?
“"The senior preferred stock purchase agreement with Treasury includes a number of covenants that significantly restrict our business activities. We cannot, without the prior written consent of Treasury: pay dividends (except on the senior preferred stock); sell, issue, purchase or redeem Fannie Mae equity securities;"
Thank you for putting this to rest. It has been proven false time and time again yet it is still posted on here quite frequently.
Fannie and Freddie have NOT been buying back shares. Relying on Yahoo finance instead of the law is quite bold.
Now that we know there have been no shares that have been bought back for the recap, we can move on to actually productive conversations.
Buy the rumor sell the news. Fmcc bleeding back to sub $2.
"IMHO, I think the final story here will be that the Net-worth Sweep was all about saving capital up for the companies."
Wow, this is the first time I have heard this theory. Great brainstorming
"The whole Conservatorship was the recapitalization."
You really do not believe this do you?
This whole thing has been crooked (Especially this board).
The only crooked thing about this board is all the misinformation
Screw all shareholders and take their shares for pennies on the dollar.
Investors bought at pennies on the dollar also
That’s what happen!"
yes it will happen, but not for these reasons
Welcome aboard the Average joe train.
Where are the usual average joes today? Did they finally break even and rotate to pfd?
Very interesting IMHO