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Aaaaaa, no. To all that
Rodney = 111. Kthomp = 0 😵
This one wins my credit card, so these two can get a room.
DaJester = 21👍️🥳 Kthomp = 0😪
Barron = 26. Kthomp = 0 (someone's taking a wrong beach slapping)
DaJester =20. Kthomp =0
People actually ask this guy stuff? Whoa, that's desparation. He hasn't been right on ANYTHING yet,
Wrong, just wrong, so darn wrong.
My gosh, amazing! wrong again.
Completely wrong.
Wrong again. Batting 1,000!
Wrong.
Wrong.
uh-um...using a federal government departments money that has nothi g to do with housing. The article specified transportation dept would help fund, blah, blah ,blah housing for those wanting to be near transportation. You do not see the bastardization in that?
You realize Warren absolutely sells! Lmao. He just unloaded a bunch of shares of different companies over the past year! Sitting on mega cash, which he will use in his next lemming cattle drive move. Guess who got caught with the high cost shares after following him into those investments? That's right, folks like yourself who think they can time and replicate based on following some other guy. Warren waits, but when a price hits his target, he's not a very nice guy and goes and warns everyone (ninny's) that followed him into the investment before he sells! Lol why would he do that?
Warren touts buying and holding forever, but he does not eat his own cooking 50% of the time. That's why he makes billions, he has a lemming herd following, and knows it, so he puts out in the press when he's buying to get th herd aligned with him, then WHAM you see in the news a week after one of his investibles drops 15-20%, after he's sold, and/or after his10k filing, which is too late,,the shares have already tanked, and folks like you wonder how come?
Give it up, you're not comprehending the original post I made. You have ADD or something...
You need to go back and read, comprehend my original posts about an offer to buy pre release and 2/3rds vote of JPS. You're off on a tangent, like usual, and totally missed the point in my original post. What is it with the people on here, you, and reading comprehension?
com·pre·hen·sion
/?kämpr?'hen(t)SH(?)n/
noun
1.
the action or capability of understanding something.
"some won't have the least comprehension of what I'm trying to do"
Sure you are 😉😉. Even Warren understands the basics of cost basis🤣😅
Let's say....If you owned JPS shares at a cost of $12, you would try and pump to get the current price of $2-3 back up to 12, Why? so you can sell those HIGH cost basis shares. Then you'd want the cost to go back down so you can buy in cheaper and maybe more shares (lower your cost basis) in the hopes at selling later on at a higher price. Or in the JPS clown posse thinking, so you can get a mega common share conversion.
There are many like GB, who most likely have higher cost JPS shares they bought early on (high cost basis) and they are dying to off load those high cost shares to buy cheaper ones (lower their cost basis). If you are following them, then you will be a bagholder if their pump and dump ever works.
Is this simplified enough?
He/she needs to throw in the investing white towel or hire an advisor.🤔🫣
Boy man, you really are challenged in thought. People wanting to make money on a stock WHEN THEY SELL want that sale at an increased cost basis., said no one ever! They want to sell the absolute cheapest they bought (low cost basis) at a higher price later, that's why an investor dollar cost averages and sometimes sells high cost shares, to lower their cost basis. The JPS crowd wants a higher price to unload their higher priced shares in the hopes of buying them back when LOWER, hence, they lower their cost basis.
Of course, you are probably buying on the way up and selling the high cost shares cheaper, on the way down. Lol, this explains a lot!
Now wonder you can't make money on this. Your math you think 2+2-2=6
https://www.newsweek.com/housing-market-drop-new-homeowners-loss-equity-freefall-1850573
How much equity loss before these younger people realize they are too upside down to sell their over priced homes? Then al-la 2008 they start dropping keys at the bank again. How much GSE equity will be stolen to cover up this when it happens? Who caused this housing mess? Will they pay anything? Here we go again.
I'd love to see actual proof of all hedge funds and institutions that are in all the classes of JPS, what their share count is to date...better yet, their cost basis also.. I don't think after 15 years , that there are all that many left, there's only like three key hedge funds that are even mentioned anymore. If a JPS buyout were to happen, I'd give it a 50/50 chance of a conversion to common shares, possibly far less than 50, maybe 20/80. Why? Government will not want to enrich those who have been a thorn in their rear with court cases for 15 years. I imagine it would be a cash offer, most likely, , possibly prior to release. FHFA and the companies can say it is a strengthening of the companies balance sheets prior to release, and they could even say that government mandates that they be the only pref holder due to the back stop of treasury. Therein maybe freeing the warrants (bye, bye) and reducing the seniors the government owns.
If they (government/FHFA/GSE's) did a cash buyout and timed payout for after release, the JPS would be dead in the water trying to get rich on cheap shares. There's so many ways you can play this game when you own all three players and make all the rules!
Timing will be everything when the first ball drops. I like being positioned in both common and JPS, but at lowest price possible. So those getting their cost basis down, no matter C or JPS, are doing the best thing.
JMHO
You,,me and the rest of the JPS holders sit in no position of power. There won't be any bartering IF they make an offer. It will be based on what THEY ABSOLUTELY KNOW is a cost basis strike point to get a 2/3rds buy in. If you are above that price or wait for a better offer, you will be 🪛'd. You seem to think like GB and some others that JPS still hold some holy grail of power over those in charge. If JPS were feared, like some have been portraying, why the low value? Why the courts kicking their suit "asks" to the curb? Do you think if you and some other little group of JPS holders whine because an offer doesn't meet YOUR preffered price, that you'll somehow break the offer altogether? Lol lol ha ha ha. Not unless you're holding mega shares in each and every class of JPS.
We are at the mercy of whatever they end up doing, and even then, until fully released, meaning the governments grubby little paws are completely out of the companies, period.
That is anybody's guess. My point is... Those pushing on here that there can only be a conversion are wrong. There's about a dozen or more things the government/FHFA/GSE's can do. Right now, I view all three of those entities as "government" because all three basically are, Even the GSE's! Are the boards not hand picked by the government? Absolutely! So, think about it... Certain things government can do, certain things FHFA can do, and certain things the GSE boards can do, but when you get down to it, it's all run and done by the same team, and we are not part of it, so possibilities of what can and can not be done are not finite.
My cost basis on FNMA is about same as Akman's, $2.50-2.65. on FMCC around $1.60-$1.75.
They will be a gamble, but so are JPS.
Exactly! There's many who would. Anyone who has bought and held at $5-$6 a share would gladly take $10. Now, what about those who own a 25 par bought at $20, $18, $15, $12? It all depends on where the majority cost basis lays. If there are 20% who are holding a high cost basis, they could be in for a world of hurt. Because the government can make an offer and do a vote. No one's going to feel sorry for those who are at a higher cost. That's why many on here are trying to convince commons into the JPS shares, drive the price up, so they can lower their cost basis. It's not a conversion that they keep pumping, but the fear of an actual offer below par.
Exactly! There's many who would. Anyone who has bought and held at $5-$6 a share would gladly take $10. Now, what about those who own a 25 par bought at $20, $18, $15, $12? It all depends on where the majority cost basis lays. If there are 20% who are holding a high cost basis, they could be in for a world of hurt. Because the government can make an offer and do a vote. No one's going to feel sorry for those who are at a higher cost. That's why many on here are trying to convince commons into the JPS shares, drive the price up, so they can lower their cost basis. It's not a conversion that they keep pumping, but the fear of an actual offer below par.
Good luck to you also.
The closer election gets, without anything being done, the happier I am! I've stated this for awhile now. I much prefer whoever is next elected (I think, depends who).
Agree! Hopefully "the big guy" has his hands full and will ignore us.
Yes, understood. Here's a simple example:
If the majority (let's say 60%) of say FNMAT own those at a cost basis of $2, and you own at a cost basis of $10. If Fannie offered a $6 buyout of FNMAT, how do you think the vote would go? You obviously would not vote for it. They'd offer via a vote, so no contract problem involved.
If you think 60% of the FNMAT shareholders would jump on $6, you're right. Where does that leave you? This is why GB and others with HIGH cost basis are desperate to get the price up and folks to buy. They need their cost basis drastically reduced.
No no one knows what the cost basis is in all the JPS classes.... Except government/FHFA/GSE's.
So when offers for buyouts start happening, be sure you're on the cost basis low side!
FYI, this would apply to commons also, but commons are not debt!
If the majority of JPS holders now own shares at 20% of what you paid, do you think they're going to vote the way you would? It's simple math and survival of the smartest.
Be careful though! Many own the JPS really cheap, so that plays into the calculus of what CAN happen.
How many do you think own JPS shares below 60%? The government knows. They know just what to offer to get a JPS shareholder majority vote on a close out of any JPS class.
I bet that over 60% of current holders own the shares below the 50% par value. Therefore, the more who sell at a loss, and with the prices way down, many would jump on less than 50% of par. It's a good way to reduce GSE debt. I own 10k at $1.60/share of $25 par FNMAS. would I take $10? Oh Yeah. Would I take $8? Sure. Would I take $5, depends.
Well folks, I'm not too optimistic on much more being done on this or much news, until after the first week in January 2024.
After that Lamberth order, it would seem both sides are working to extend this into January for some reason.
On top of that you have the holiday fast approaching, where many really start to strive in DC to get the hell out of Dodge
and home on vacation.
January finally brings 2024! And that's going to be very interesting, very interesting indeed. With more people getting vocal about release, that's a good thing for us, it's press and info bleeding out. So I'm gonna kick back and roll with the holiday, and try to forget this mess for a bit.
Good! Hopefully the GSE's release gets pushed forward as a campaign issue,,so that both sides need to divulge their future plan for them.
That's because it's a secret! Lol
That would be the straight forward way! Issue it out as a dividend, but there's all those hoops to jump through and landmines to jump over. Lol
Very true saying Rick! One passed on to me from my father, and to him from his father.