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.
When are people going to realize that the last source for breaking the release of the twins is a third party site like yahoo, or msn or any other sites. It’s just foolish imo
Average joe plan must be gaining transition.
Probably the same as the “letter declaring the warrants to be illegal in a posters mailbox” or the company buying back all the common stock or common shareholders declaring all debt illegal or 300 share price for commons and the list goes on. Just needed and baseless pumping IMO
Probably similar to “the SEC saying the warrants are illegal that some poster has the letter in his mailbox” or “the companies are buying back all their shares” or “the common shares will void all the debt and pfd shares” or “Ackman has been buying pfd to help out Bruce” or “yahoo will break the news of the release” etc. the list goes on and on.
T-Trades. FNMA does NOT trade AH
Did OTC start trading after hours?
Do not let facts ruin a good story and pump.
You are right in some sense. P and C are not tied together. P can win and C can be wiped out.
Well that is plain insanity IMO.
How could any investor hope that we lose all court cases against the gov for stealing the twins from us. Delusional thinking.
The more ammo we have the faster the twins will be freed.
If there is no pressure on the gov, f&f will stay in conservatorship til the next crash when they are finally wiped out and all shareholders will lose their investment.
Are you a government plant?
He sold because of redemptions not his conviction regarding the outcome. But whatever makes a good story
Per josh on Twitter.
“Worthless junk? Huh? UST can’t recap GSEs or get value from warrants without dealing with prefs. UST doesn’t have authority to put them in receivership & given positive income & net worth and that @fhfa suspended capital classification FHFA can’t wipe legal obligation to prefs”
His reduction is almost certainly due to redemptions.
Bruce has been a pfd Guy. Ackman was the common man but has started buying pfd.
Maybe Fannie will increase their dividend similar to Apple with killer earnings. ??
Because they did not make enough money. If they did there would have been a payment.
It would be great if you could share where the SEC has confirmed the warrants are illegal. I have seen no such document.
Might think about adding some more common if you can produce the document. Thanks in advance!
The sad thing is, at this point the gov knows that if they exercise them, all the major common holders will be glad to get out 4x the current price. No one, after seeing the legal mess it has been and the endless delays, would spend millions arguing about them. That is why, imo, they will be exercised and trump can spin it as paying for infrastructure rather than just lining the pockets of his hedge fund pals.
Well given the decline since the start of this year, the market does not view the outcome as being too positive. Opinion?
I would not expect that for at least about 4-5 months if it ever happens.
Time for par value and utility model. Couldn’t have said it better.
Backed up by facts that with 8 degrees of assumptions one would arrive at your opinion. It is not fact. It is a theory.
Maybe the AJ crew ruffled Berks feathers again. Imo he could have reinitiated his big short on the common shares.
Moelis sure would look good right now. Sure is a shame a few c holders demand a triple digit share price for Fannie and Freddie. I’m sure a lot of investors would just like to break even right now.
Very good article about gaining insight into the redactions.
When the twins are released from conservatorship, instead of common shareholders owning 100% of the company, the gov will exercise their warrants and own 79% and the common shares that exist will only own 21%. That is the only incentive for the gov to release them.
You missed POTUS endorsing the average joe plan by sending a letter back to a shareholder. Really makes one wonder why fnma is still bleeding.
No one in a position of power has ever even mentioned the average joe plan. It is beyond DOA, no one even knows it exists.
The closest thing to a response is a stock letter that is sent to everyone who writes the person in office
Moelis is 8-13. Utilities would be less and your 23-42 number is Ackman’s projection. Not sure on the last number but those are the right projections per plan.
Maybe the big run at close today was because the president received the Average Joe plan!
Dilly Dilly
Now the Wall Street journal is breaking the news and not the gov?
That’s the risk you take with investing in common. Adding in the almost certain dilution, the sp is a complete guess but certainly not triple figures like some one here proclaim. That may be why Ackman opened a pfd position, so he could align with trumps good friend Paulson and Berkowitz who is leading the suits in case of a settlement or common shares being wiped out.
hint hint
I sure hope the action today isn’t what it looks like when big hitters get involved. If it does, everyone might as well just sell out.
He doubled down on his investment in the GSEs by adding pfd shares to hedge his bet in common and to align himself with the other big holders in case of a settlement that leaves common shares holding the bag.
It is very simple logic to follow and the people that do not follow the big money are in jeopardy of being left here holding the bag.
Home no one has to stay here and turn off the lights on their way out when this is trading in trips if a settlement crushes the commons.
It is always best to hedge your bet and being 100% p or 100% c is just foolish imho. No one knows what will happen but the big holders have an idea so follow the money.
The article about him doubling down was not in reference to common shares. It spoke to him adding jr pfd shares. The reason behind this can only be speculated but it is a nice hedge to align himself with the other big holders. See below.
"Instead of increasing its positions in the common, it’s been buying up the junior preferred"
By November, we will be on the grey sheets, pfds will have gotten 70% of pat and the mortgage market will be turned over to WF.
Just hoping for one last dead cat bounce to liquidate my last few thousand shares. Really bought the hype of the average joe plan like a typical bag holder.
On to shorting Tesla. Along was right the entire time.
Great Idea. Larry believes the gov did wrong and is an advocate for the utility model. Hopefully he is in Trump's ear talking about release before elections.
We are being released eom?