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.
$FNMA TIMBER ALERT!
ACG did this. No bueno amigos
<eom>
Not worried. It has a stated face value, unlike $FNMA Commons. Which could end up being anywhere from $0.0001 to $10 (pending Reverse Stock Split).
Although I think $4-6 is the most likely price range for Commons once the dust settles
Commons up ~26% from the lows, while $FNMAS is up nearly 50%. Yikes!
That means JPS have bounced back twice as fast and powerfully in comparison to Commons.
And that's no bueno amigos
Commons up ~26% from the lows, while $FNMAS is up nearly 50%.
The market has spoken!
That's looking more and more likely. Weren't we reassured there was no Gap just the other day?
It's disappointing we can't stick with the $FNMA Facts and always revert back to the $FNMA Fantasies
$FNMA just needs a Camaro for Eva. That will fix all of the problems.
Unfortunately, the $FNMA beatings will continue until morale improves
Details of yesterday's ACG Call must be spreading, hence the selling pressure on $FNMA.
It's only going to get worse from here as the information gets spread more widely.
I for one am glad I Sold the Pop ... $FNMA Always Drops
Still seems low for $FNMA. Pretty sure we were all promised $FNMA at $1,000 as per the Average Joe Plan v3.
It could've been a typo though. God only knows how many other typos there were in that horrible "Plan".
You should state their Debt also. Since the debt is higher than the Cash.
That's all I have to say
I didn't realize the GSE's CEOs could cancel the Sr. Preferreds. So the Treasury will just allow the SPS to be written down to Zero without anything in return? That's amazing!
Can the CEOs cancel the $FNMA Warrants also??
Without disclosing confidential information, the synopsis is basically:
They are expecting Warrants to be exercised this summer. Then all Jr. Preferreds Converted to Commons. Uplist in late Q3 or early Q4. Capital Raise shortly thereafter or possibly simultaneously with up-listing. Existing Commons to end up with less than 4% ownership of the GSEs.
JPS back-dividends to likely be factored into Conversion Proposal. Anyone that bought Commons after Conservatorship (2008) aren't entitled to anything.
All Lawsuits settled, no new lawsuits can be filed as part of the settlements. Treasury will deal with Washington Federal separately.
AJ Summary: Better start those lawsuits ASAP
Selling the Pop knowing $FNMA Always Drops. This was also brought up on the ACG call earlier today.
Abby even went so far as to suggest people Sell all Pops in $FNMA.
It seems Berkowitz is pressing his Long JPS and Short Common position
It's only for heavy hitters and paying members. They don't want to discuss $FNMA Commons and Jr. Preferreds with just any Average Joe.
Would you consider that Fair & Balanced for $FNMA?
Excellent $FNMA Facts. Sticky please!
If it's higher, which seems likely based on Calabria's past comments, then $FNMA Commons will get a beat down while JPS likely stay close to flat.
It didn't suck to be one today. But it did suck if you only owned $FNMA
Agreed, I don't see why it would matter since it's 79.9% of the O/S either way.
Regardless of where $FNMA's shares are priced, the ownership of Treasury will be 79.9%.
Higher than a coin flip. Likely 75%, maybe even 90%
Nope, they're saying $FNMA is already at a 52 PE. No need to multiply any further, it's already baked in
Can you provide an update on YTD Losses for $FNMA and Jr. Preferreds?
Down 45% YTD. Let the Good Times Roll $FNMA!!
Correct, they have cash on hand. This means nothing for $FNMA. The only thing that matters is Core Capital as per HERA.
Cash from Loans does not count towards Core Capital.
So taking out a loan is Capital? And drawing on the Treasury's commitment is also Capital?
$88B Cash = Fake News. $FNMA knew this, but Pumpers gotta Pump so they can sell their shares to the Lemmings
It comes down to Capital versus Cash. There's a BIG difference between the two.
$FNMA would be wise to understand this difference
Looks like Cash doesn't matter, it's all about Capital when it comes to $FNMA
But honestly, who really didn't already know that?
$FNMA will be hard to buy under $50 tomorrow if this is true.
Does that include Treble Damages?
Awesome, I can't wait for Par! Is that a good use of the company's money though? Why would they want to spend ~$35B to redeem the JPS when they can use that cash to buy back Commons and make $FNMA worth even more money?
Do you think Commons will approve of this when their Voting Rights are restored?
Maybe the Company is buying back $FNMA shares?
Did you see the 1 million share sell? Who is selling that much $FNMA at these prices?