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Exactly, ackman was short, now he is long, hahahhahaha, selling now is almost worse than shorting
IMHO
If the word buffet is mentioned in any real article this weekend, trading could be halted for days to adjust price to 30 pps, there will be some much panic buying at the end of the day it's going to be crazy
IMHO
And then they started talking about buffet
Cramers is a fool, he said it was up to corky, what a fool
Link please
Dare to dream
The bottom line is that There has now been a valued assigned to a "part" of fnf. Up until today, some perceived the value was zero.
Something is only worth what someone is willing to pay for it This is a starting point offer from berko and company. The are trying to buy it for 25 cents on the dollar. The govt won't sell their interest for less than 200b. They will meet in the middle at 125b, if they make a deal.
Net zero actually had some meaning now because berko waited to make the offer when the govt is made whole and then some by freddie and 2b shy by Fannie. Notice the offer of 52 billion. That will give the govermemt 50b clear in profit and make it justifiable to the public and make themselves look like heroes, which in this case they would be, touting it as the most profitable bailout.
If they met at 125b, that would put a value of 60pps on fnf. That is around the number blue, obi, and others have been throwing around for sometime now.
Also, did you see that carlyle rated fnf as a buy!
For all we know, the deal could be done already as a result of the court and a moderator and could be dropped tomorrow.
Wouldn't it be great if the govt countered at 250b and created a bidding war!
Logistically they would literally have to refinance and/or selloff that 6 trillion on the fnf books. It could literally take 10-20 years to do that in regular auction offerings.
IMHO
Doesn't that make the non diluted pps on common 20-25?
Is this real? "approval from shareholders".... Did they release from cship? Wtf is going on?
Cramerd. Did you see how he tried to compare fnf to GM? What a joker
They are so painted into a corner now, it's not even funny." let's shut something down for zero, that we have a 50b offer on." Ya, that'll fly like a ton of bricks with a 1 year old trying to throw them
Thanks for your shared
He will be back and dau that he has flipped it 35 times today, 1 penny off if high and low
Corked on tv now, hahahahhaa
It is everything other than the current portfolios
Good eye
What's the media going to say, don't sell them for profits, just shut them down and make no money in the deal.
Well folks, here is the private capital that the govt is talking about that they want to take over the mortgage market. I want to see anyone in congress shut something down for zero dollars that they could have sold for billions. I don't think that even they could try to make sense of that with all of the double talk.
"we've only just begun"
IMHO
There is now absolutely no way to shut something down for zero dollars that they can sell for a profit, game over for the talking heads
IMHO
Govt has to either sell or release. Anything else would be insane and crush them in litigation. Now they will want to date the duckling that turned into a supermodel
IMHO
Yup. Soon they will tell them to start singing
The best part is that there is not 1 word of this on tv, just like there wasn't 1 word after 8b in earnings.
Their minds
More than 1 million shares a minute trading. MM are going to lose their minds today.
Wait until the govt says that they won't sell, stock goes to 30 that day. That will be followed by other "activist" investors saying that they want in, this will literally take off. Simple supply and demand as this tree has been shaken many times now
I think that all resistance is now broken and invisible. Wait until the govt says, no, we dint want to sell. They have really painted themselves into a corner.
Just watch, the govt is going to want to keep them now and start fighting amongst themselves to do so.
IMHO
Yup. This is it folks! Let the games begin.
Agreed. If they think they have us on the teens, which is meaningless, they don't, because we have IG baby!
Too bad no one has connected the dots yet. iG is the teens favorite website
Numbers were blowout. Go look at chart of any high flyer, these short term pauses and retractions happen.
IMHO
How about a reminder of why almost every bank almost failed! Oh ya, fnf were defrauded. Double standards are disgusting. The conservator is confused about what the powers of congress are, and what their job is. No one has the right to shut down solvent companies. The courts will prove this.
IMHO
Wasn't the point. Now people don't trust the exchange that we are on which naturally drives buyers away, regardless If they every did or not.
IMHO
So the trick played this earnings was that they actually shut the exchange down that fnf trade on. Wow!!!!!
Is there any word on why that happened yesterday?
Not 1 word about fnf earnings on tv! Of these were any other companies, people would be going crazy about it.
IMHO
This is historical and hysterical
IMHO
Not a coincidence people
IMHO
I am seeing the volume of already traded shares has gone down on Fannie, wtf is going on here? Manipulation is not even the word at this point
What is the total revenue for fnf?
So that blowout quarter was including the "early teen" user reduction? And somehow they still managed to blow it out. Where do teens go, instagram, who owns instragram? People need to Connect the dots already