due dilligence is a must, but luck never hurts.
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1.read the TOS, 2. read a chart before you start slandering others...or you may be removed from this board.
GGP's said it too, my .35's are now $19.94
.40 EOW !!! megabuy!!!
that would be sweet on this pile of .o2's :)
$ABKFQ breaks hod, up 19++% multi-bagger, exits bk news enroute, excellent risk/reward potentials. C4
easy multi-bagger... :)
.167/.168 up 17%+
$ABKFQ retests hod, up 16%++
$abkfq, must read board, flyer all week!!!!
we are hearing news is in the pipeline. C4
another GGP BK reversal? I think so. excellent risk reward :)
800% ;)
waiting...
and higher...
amen, and privatizations starts with dissolving gse's common, that's why preff's are flying off the hook!
Santelli to shout out on GSE's, here come the .66's
waiting on Cyprus news...
sold all at .89, fitch news not favorable. I'll be baaack!
18,00 free shares and bought more at .74 this am, good trades.
Fitch News: Fitch: Fannie Mae's DTA Reversal May Reduce Funding Availability
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9:53 AM ET 3/22/13 | BusinessWire
Last week, Fannie Mae announced that it would delay the filing of its annual report, as it continues to evaluate a potential release of the valuation allowance on its deferred tax assets (DTA). The company indicated that the size of the valuation allowance was $62 billion, as of Sept. 30, 2012, and that the release could result in a material increase in net worth at Dec. 31, 2012. Fitch would view with caution any material release of the DTA allowance by Fannie Mae for several reasons.
A material increase in net worth as of Dec. 31, 2012 would significantly reduce availability under the senior preferred stock purchase agreement (PSPA) with the Treasury Department. The Treasury's commitment to Fannie Mae will be equal to $125 billion minus the lesser of Fannie Mae's cumulative draws from 2010-2012 or net worth as of Dec. 31, 2012. The net worth deduction will not apply in future periods, which makes the timing of a large DTA allowance reversal in 4Q12 disadvantageous for Fannie Mae, as it would effectively reduce the Treasury funding commitment dollar for dollar. In the event that Fannie Mae reports a negative net worth in future periods, any additional future draws would further reduce Treasury's commitment.
Because of the GSEs' improved financial performance, we believe the respective DTA allowances are likely to be at least partially reversed in the foreseeable future. This creates a longer term concern regarding funding availability under the PSPA for both Fannie Mae and Freddie Mac. While financial performance has improved significantly during 2012, there are a number of factors that could reverse this trend relatively quickly. These factors are addressed in Fitch's recent report titled "U.S. Housing Finance GSEs: Where to from Here." If the allowance at either entity is reversed, and performance starts to deteriorate again, it is likely that an additional DTA allowance would have to be taken. This may result in a net worth deficit, which would require a Treasury draw and therefore reduce available funding.
The difference between Freddie Mac, which reported its annual results on Feb. 28, and Fannie Mae is also noteworthy in our view. In its annual filing, Freddie Mac remarked that, based on available evidence, it has determined its DTA valuation allowance of $32 billion was still appropriate at Dec. 31, 2012. While each company has a separate reporting process and uses different auditors, we believe the Federal Housing Finance Agency (FHFA) has put arduous effort into streamlining and eventually combining the operations of the two companies. Because of FHFA's efforts and the similarity in the underlying factors behind the financial performance for both entities, we would be surprised to see such a significant divergence in the interpretation of generally accepted accounting principles (GAAP).
Fitch does not expect any potential reversals in the DTA allowance for Fannie Mae or Freddie Mac to have an impact on its ratings for either entity. The ratings are directly linked to the U.S. sovereign rating based on the U.S. government's direct financial support.
The above article originally appeared as a post on the Fitch Wire credit market commentary page. The original article can be accessed at www.fitchratings.com. All opinions expressed are those of Fitch Ratings.
Applicable Criteria and Related Research
U.S. Housing Finance GSEs: Where to from Here
http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=700032
U.S. Banks -- Deferred Tax Assets
http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=678132
I own preferred, but have a pile of frees on common, just playing the flips. Fitch news is out 20 minutes ago...
fitch even looking at these is newsworthy!
had hopes for .66's, took 74's :)
eod .666
weee $ABK
you may want to wait...
until all this comes to fruition folks are pounding the tables that this is worth 5-20 pps? damn, skippy...if folks want to lose their money so be it, but don't get others to jump off the bridge with you! lmao...
good one, folks aren't reading the news I take it. If privatized common will have zero value. Panel is still unclear on direction. Watts' needs to be canned. Techno needs to take over and even JPM is trying out mortgage bounds with expected private sector takeover. This is just a trade until then. C4
sold .87's (+31%), will buy back .65-66's
it will channel in the .65-.95 until it gets tight and will need a catalyst ie news on the panel being reformed. keep an eye on the rsi and macd. IMO of course
scottrade isn't even a market participant, has no mm and 3rd partys all trades...go to etrade ;)
next dump, .14 spread and diminishing into channel.
but you have to admit, unrealized profit (free shares) is better then a trade to the down side ;) 18k and counting :)
still has to get Watts off the panel and a techno CEO in! Until then, this is nothing more then a flipper paradise. C4
reload with .62's, told you folks...bunch of bs know it alls on here...lmao. they will lose you $'s!
we are staring at at least 50 mm shares covered, and you think it's going up? I'm buying the .80 on the primary dump. glta, C4
we can only hope, but for the folks that got in early, gotta take partial profit. ;) let er rip, tator chip!
don't get me wrong, it will keep going higher, but not in a straight line. I'm holding 12k freebies and will reload on a decent dip.
when otc stocks triple, mm's always take their cut.
.78 eod ;)