I'm all for apple pie if it makes me money. That's the only reason I'm here.

Did I miss it or has there been no discussion of this? Can anyone tell me what the implication of this is for us shareholders? tia


$FNMA #FANNIEGATE Posted on August 22, 2016

Re: Edwards v. Deloitte –

Judge Scola entered a paperless order this morning saying:

“The Court grants the Joint Motion to Extend Deadlines. Defendant Deloitte & Touche LLP’s response to 23 the Plaintiffs’ Motion to Remand is due on or before September 14, 2016. The Plaintiffs’ reply is due on or before October 12, 2016.

Further, in light of the Federal Housing Authority’s Motion to Substitute as Plaintiff, the Court grants the parties’ request to extend the answer and meet-and-confer deadlines.

Substituting the Federal Housing Authority, if it occurs, could drastically alter this case.

Therefore, in order to conserve judicial and party resources, the Defendant’s answer to the Complaint is due within thirty days of the Court’s order on the motion to substitute.

Because this case was removed from state court, the parties must meet-and-confer within 21 days of Court’s order on the motion to substitute.

The Court notes, however, that it cannot rule on the motion to substitute until the Plaintiffs’ attack on the Court’s subject matter jurisdiction has been resolved.

Therefore, no other extensions of time will be given on the motion to remand absent extraordinary circumstances.”

Article pointing out that geo's revs are only 10 percent from federal. Everything else apparently un risked. Apparent way over reaction to the down side and could rebound hugely.

"CNN’s Paul La Monica doesn’t think it was a logical move. Earlier today he said on Twitter that the declines of almost 40 percent seen in The GEO Group Inc (NYSE: GEO) and Corrections Corp Of America (NYSE: CXW) were “stupid,” arguing that, while the DoJ’s decision was “undoubtedly bad” for the companies, they still have state contracts.

Last week, analysts at Canaccord explained that only about 11 percent of The GEO Group’s revenue derived from its exposure to the Federal Bureau of Prisons .

“While we see low risk to GEO's BoP contracts, political rhetoric on the elimination of private prisons has weighed on the stock recently,” the report added. “Adjusting out GEO's halfway houses (all federal halfway houses are operated by private players), GEO's exposure to the BoP is only just over 10%.”

Given this backdrop, the analysts believed the company carried a low cash flow risk, “given the challenges associated with executing a plan that would eliminate the federal use of private prisons.” One way or another, they think a worst-case scenario has already been priced in.
"

My favorite quote from the article..my emphasis....
"“We only need to win ONE of those claims in ANY of the courts in order to ultimately be successful on the legal front,’’ Ryan Israel, a partner at Ackman’s firm, Pershing Square Capital Management, said on a conference call with investors in July."

I have him ignored too. Rick please. Enough already. This is a board for grownups.

From the twitter board...I assume he means bloomberg machine...."Per Bloombrg, Cowen to clients:'Watch FnF; sees upside surprise..as invstrs likely to score prelimin wins in court challngs this fall' "

Somebody mopping up everything at 1.96

What about this?
https://twitter.com/DoNotLose
What does this do for our chances in Delaware?

What delay if any does that suggest?

Anybody know if an announcement from appeals would come any time?...or would they wait until after hours?

It doesn't trade after hours, except with a stray trade possibly to balance the books.

All right then. Since you've given me a non answer, I have to assume that you don't know. Anyone else know? reckusdoo? tia

catbird, or anyone, please forgive my ignorance... what is the significance of this? Thanks

I accept that it's "huge news" but nobody says why. Can someone please elaborate? Thank you.

All the buying has been careful to not use up all the ask, so it continues to walk lower. Low volume.

August!
Great article.
Brings together most of what took me tens of hours reading since April.

The part I liked most....
"One critical case will come to a head in August when a federal appeals court in Washington, D.C., is expected to rule."

The investing thesis is still in tact and results are obviously closer than they have ever been and yet there is persistent selling. Either it is manipulation to get in at lower levels or plain old anxious emotional selling. Either one is opportunity knocking.... Unless there is a leak Which, while possible is pretty unlikely. Most people are honest, despite what the media would lead us to believe.

Awesome resource. Thanks

rekcusdoo, what am I missing?

Earlier you replied ..."So any case that is in federal court, including the appellate court, gets 150 days for a ruling. State court cases are ruled by the rules of the state...so the time issue can be different on those. For the appellate case, I believe 150 days is up in about 9 weeks."

How does that fit with ..."I posted 5 years ago that I didnt expect a ruling for 7-10 years and I stand by that still."

Patswil...Just wanted to bring your attention to 1 little error. At the beginning of your post you labeled earnings as revenues.

rekcusdoo, that's just what I was looking for. Your condensed statement of what really matters helps me cull the large amount of noise on this and other forums. Thank you.

rekcusdoo,
I am reaching out to you because you have demonstrated you are one of the very few on this discussion board with a good grasp of the legal facts and outcome probabilities.

With life's time constraints and distractions, I'm sure I've missed some of the moving parts of the Fannie Mae Saga.
So two questions... 1. Do we have a 150-day deadline in place for the appellate or any other pivotal case?
I would appreciate any insights you have on timing issues.
2. What is your guesstimate for the probabilities of affirm, reverse, vacate, or remand rulings?
Thank you.

So what are the implications of this? What does this mean, time-wise for shareholder expectations?

One small assurance. The chart and low-volume is telling us we are all equally in the dark. The retail investor is on even ground with the big smart money this time.

Thanks for January 22nd news. Rolling my eyes.

Rekcusdoo... can you please weigh in on this and tell us the bottom line implications for shareholders? Very confusing to me. Thanks....
http://gselinks.com/Court_Filings/PagliaraDE/16-00193-0009.pdf


.

This is as complicated as most situations become. For those of us that jumped on late, review/clarifications/explanations are appreciated.

Jeeez!...

Volume 911,447

Avg Vol (3m) 4,690,636

Thanks, Navy. So,
once the court begins, would it be realistic that it takes one or two years? tia

Thanks, but I'm asking about time line .

Asking again. Any guesses?... Rekcusdoo?
............"I would like to hear intelligent guesses as to how long it will take to get a judgment in the Delaware case. Best case/worst case? Thanks."

I would like to hear intelligent guesses as to how long it will take to get a judgment in the Delaware. Best case/worst case? Thanks.

Rolling my eyes. All the mindless posts here regularly signal an imminent downturn in the share price.

I don't feel confident interpreting legal stuff. Tell me please why this is a home run? Thanks

Very impressive amount of homework.

I've since looked up their latest revenues. (I confess I haven't until now because I'm in this primarily for the court outcomes)
It looks like we, Patswil, are on the same page in that u hav figured 10 percent of latest revs in your math. But u called it revs which threw me. Revenues per yahoo site were 110 B for 2015. Perhaps your share price result is not as outlandish as I thought.

I'll try again. My 1st reply was a little sleep deprived.:)
Patswil your math assumes 100 percent profitability. The e in p/e stands for earnings, or profit, not revenues. I'm just guessing the figure would be about a tenth of that, or in other words earnings would be about 10 percent of revenue. What percent of revenue do you think they will make as profit?

To me, the one good thing about this particular invoking of the presidential communications privilege is, it heightens suspicions not only by investors, but by those in the justice system that there were shenanigans committed and that they will be obvious when finally revealed.
If that is the case, then it could make any outcome in a court of law in our favor much more straight forward and quicker.
The good guys far outnumber the bad guys.

This is how I like it. Slow and steady up trend. Instills confidence and trust in the future. Keeps the big money foundation intact.

As soon as it surpasses 2.18, we'll be clear for another substantial leg up.