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One of the few correct predictions on this board.
The secret plan will forever remain just that. A secret.
SP is dropping. Sub 2 opportunity next week?
Thanks for the laugh
Looks like I was in the right direction but off by 5 cents. It is easy to see the trend when you ignore people calling for mergers and UPLISTINGs.
Any news?
Same as usual imo. If I had to guess, it will be down 3 cents.
Come on Commander. It is a satirical twitter account.
How many people will still be on this board after the 90-100% dilution as Bove just predicted?
Especially after he said 100% gain for Pfds and even more if held longer.
Oh my haha. That twitter account is a satirical parody of the stock market.
“At that point, the securities could be called and replaced with preferred shares that have a much lower coupon or possibly be convertible. If that happens, the value of the preferred shares will increase well before the dividend is paid. Bove expects a 100% price appreciation, and if they hold for three years, "well more than that."
On the other hand, he believes the common shares could be diluted by 90% to 100%. He also expects Fannie's and Freddie's earnings power to be "meaningfully compromised," resulting in a decline in the common shares' price.”
90-100% dilution. Ouchhhhhhhh
You don’t have to worry about it since it will not happen.
Thank you for the laugh.
Looks like it is going to be a lot less.
Probably a lot less.
Do you still think fnmas is going to $100 as you predicted a few years ago?
Tldr. I remember you price target of $100 for fnmas and ever since then, I typically just skip your posts.
Not coming anytime soon imo.
People have been saying this for years and the price sits at $2.
This should not come as a surprise, rather it is expected if you have been following the court cases.
Please tell me more :)
Time to sell?
Great call as always.
How about cite the man himself? It’s not only posters floating the idea around.
“Calabria’s comments on CNBC, on the sidelines of a major industry gathering, were somewhat rushed as he tried to explain the nuances behind the notion of a “public offering” for companies that already have shares outstanding. Holders of common shares “were never wiped out,” he said. “Whether we can do some kind of conversion with preferreds, or whether they would get par, it’s way too early to figure that out.”
https://www.google.com/amp/s/www.marketwatch.com/amp/story/fannie-freddie-shareholder-payout-is-part-of-the-reform-discussion-regulator-says-in-surprise-move-2019-05-21
That kind of thought is hard to find here.
He must not have seen the damages guaranteed on this board.
Last one here turn off the lights.
Gee. Thanks fella.
Sticky.
I believe they are in a mailbox somewhere in Canada.
As quick as FNMA moved sub 2? TIA.
Time to sell the news. It was fun while it lasted.
Great post.
Has it come to celebrating GREEN? It is going to be hard watching everyone’s hopes of double digit share price get destroyed when the dilution happens.
And yet you post his tweets.
This is something catbird would post. :)
Keep waiting. It is important to know the case numbers :)
Mods, sticky please. Very informative post.
Super sticky
Wishfulll thinking but FNMA is in a serious downtrend.
Another miss.
False.