Buying undervalued companies
Followers | 0 |
Posts | 14,228 |
Boards Moderated | 0 |
Alias Born | 11/23/2010 |
Twitter Profile: | Temporarily Unavailable |
Follow on Twitter: | Follow @ Temporarily Unavailable |
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~~ monster VIDEO analysis
Definitely not forgetting $DUSS. Will be a huge ROI for anyone from these levels ! I did not include it for this week since its unknown when the Merger 8K will drop. But the good news is that its not a matter of IF the 8K Bomb is coming, Only WHEN.
CYBK has many items getting accomplished including fulfillment on Kiosk deliveries to customers; audited financials with S-1 filing for OTCBB listing; international sales growth in central america and the Caribbean; TV/Radio exposure of the company and its stock, etc. etc.
HOT Stocks to watch this week $FNMA $WAFR $CYBK ~
FNMA was called by blue at blue exchange at 25 cents and http://www.fullimpactstockpicks.com at 29 cents. I am personally very happy I acted on those alerts and did my own strong DD here before loading a ton of it. FNMA is no doubt the best penny stock to own for 2013-2018 time frame and beyond ! It won't be considered a penny stock in the very near future when it raises above $5.00 per share and reobtains NYSE exchange status
FNMA was called by blue at blue exchange at 25 cents and http://www.fullimpactstockpicks.com at 29 cents. I am personally very happy I acted on those alerts and did my own strong DD here before loading a ton of it. FNMA is no doubt the best penny stock to own for 2013-2018 time frame and beyond ! It won't be considered a penny stock in the very near future when it raises above $5.00 per share and reobtains NYSE exchange status.
CYBK with Chris and Oren running the show is going to GO BIG for shareholders ~
"We here at Penny Stock Dream believe that Fannie Mae will eventually rise up out of the ranks of the penny stock exchange and even if not return to, or surpass their previous splendor, at the very least surge through the $5 mark, to avoid the general penny stock stigma, that no company that was once as powerful as they were, would want to be attached to."
I like the projected surge in PPS to $5.00 ~
Very Nice !
PC
I sure would like EMBK management to tell us what they are up to in press releases and audited financials
DUSS with Bannister working will soon ROCK Hard ~
Many of us have been averaging down are ready for a nice reversal move for $WAFR as the company is now getting its ducks in a row !
Very nice ! The democrats will see to it that $FNMA recovers into a very strong company with shareholders of the stock benefiting tremendously IMO !
Hi Blue, I believe many strong handed longs are holding $DUSS tight and waiting on Bannister to drop the 8K Merger Bomb !
Cheers,
PC
NEW CYBK TV/RADIO Show from April 3rd just published on Youtube
EMBK has been a pain in the neck for stuck short sellers here.
That is the real reason certain brokers including TDA still show a cusip number a month later. The corrupt DTCC is giving the MM who is stuck short here all the time they need to cover.
Preferred dropped big Friday. The common of FNMA is looking more and more attractive to retail investors, hedge funds, mutual funds, etc.
The FNMA common are about to explode north with the buyer piling in here from many walks of life !
Fannie Mae, FNMA is the most undervalued penny stock EVER !
FNMA word is spreading far and wide on the HUGE upward move coming here ! Higher lows...with the base much higher now between 82 and 90 cents to launch from ! Next move could realistically be $4.00 if it's going to be as explosive as the one a few weeks back.
5% equity dividend coming to shareholders of record on April 12th of this week. WAFR audited financials are now a big priority as per the same PR on the dividend.
CYBK loading and averaging down has been very smart money. I am still looking to buy another 100,000 shares and I have decided to do it on the ask this coming week
Wrong Jason Dussault owns plenty of $DUSS and is chairman of the board of directors. Merger coming in will need his blessing. 8k bomb with merger coming and you can be ret assured 0.005 to pennies is coming here too !
That makes sense and matches up with what was said by Gary in the recent PR for $WAFR.
I like what I am seeing in April. Looking for large quantities of the product to get to market
Agreed. Multiple pennies for $DUSS is very achievable with the right company chosen for the merger here
Defintely taking longer than anyone expected but it does appear the latest dividend move and audited fins finally being competed shows we are on track.
What I want to see is nondilutive funding by investments from business partners, like Seagate, that will get their latest software into thousands of machines worldwide. I want to see them deliver strong revenues and profits in 10Ks and 10Qs. That is when the real fun starts with the PPS.
I agree. DUSS accumulation is very strong ! Big move coming with merger 8k. Lots of eyes on this one
Yup. And only hold shares in a cash account. Do not ever use a margin account when buying penny stocks like FNMA. Both of these will keep the BDs from lending out shares to shorters.
IMO the smart short sellers are covering daily already.
The greedy and foolish ones will likely cover at $1.00, $2.00, $5.00, $10.00, etc. etc. and take a real bath with FNMA !
No hype. Just facts. Watch the video. Company is legit.
CYBK a strong buy at current levels !
I believe you are right. Someone ought to ask the company.
WAFR
NEW $CYBK TV/Radio Interview
You'll want to listen to this. Lots of very good information.
NEW $CYBK TV/Radio Interview
You'll want to listen to this. Lots of very good information.
Scheduled WAFR Ex-Dividend
Date : 04/03/2013 @ 8:00PM
Source : OTC Markets
Stock : Corewafer Industries, Inc. (PL) (WAFR)
Quote : 0.0175 0.0021 (13.64%) @ 4:21PM
Wed, Apr 03, 2013 08:00 - COREwafer Industries, Inc. (WAFR: OTC Link) - Scheduled Ex-Dividend - COREwafer Industries, Inc. has announced a dividend ex-date for (WAFR: OTC Link). COREwafer Industries, Inc. is scheduled to disburse a Stock Dividend/Split dividend of 1.05 shares on Wed, Apr 10, 2013 to shareholders of WAFR. You may find a complete list of dividends at otcmarkets.com
I agree. I believe we will see 45 cents plus in $CYBK here !
Excellent News ! Means many more Billions of dollars coming to $FNMA and much much higher share price here over time ~
CYBK Strong Reversal in progress !
Huge news and filings to follow causing BIG breakout !
FNMA~ $17.2 billion NET PROFIT~ DD with links
1) FNMA last year posted 17.2 BILLION DOLLARS net profit.
FNMA Reports Largest Net Income in Company History; $17.2 Billion for 2012 and $7.6 Billion for Fourth Quarter 2012
http://www.fanniemae.com/resources/file/ir/pdf/quarterly-annual-results/2012/q42012_release.pdf
2) Net Income Per Share 16.04 DOLLARS
FNMA total net income 17.2 BILLION DOLLARS in 2012
Mar 31, 2012 Net Income 2,718,000,000 dollars
Jun 30, 2012 Net Income 5,119,000,000 dollars
Sep 30, 2012 Net Income 1,813,000,000 dollars
Dec 30, 2102 Net Income 7,570,000,000 dollars
Total Net income 17.2 BILLION DOLLARS in 2102
The company has total 1,158,080,000 outstanding shares
NET INCOME PER SHARE 17,200,000,000 / 1,158,080,000 = 16.04 DOLLARS
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=9200264
3) FNMA~Company expects to remain profitable for the foreseeable future.
Fannie Mae has paid taxpayers $35.6 billion in dividends since 2008; company expects to remain profitable for the foreseeable future.
http://www.fanniemae.com/resources/file/ir/pdf/quarterly-annual-results/2012/q42012_release.pdf
4) The company made agreement with Bank of America in January 2013. Bank of America will pay to FNMA 3.6 billion dollars plus to buy back 7.6 billion dollars bad loans that they sold to FNMA. It means 11.6 billion dollars another advantage FNMA got. I mean first quarter of 2013 we will see huge profit as well.
Bank of America agreement link
http://online.wsj.com/article/SB10001424127887324391104578227292446942824.html
5) There are 20 Banks have to get agreement with FNMA to get back bad loans that they sold FNMA. I believe some of them will pay this year to FNMA.
http://beta.fool.com/kcolona/2013/04/03/more-legal-woes-pose-a-threat-to-bank-profits/28871/?source=eogyholnk0000001
6) SOURCE OF PROFIT: Serious Delinquencies Fell in February
04/03/2013| 05:06pm US/Eastern
Fannie Mae said serious delinquencies on single-family mortgages in its portfolio fell during February, as the U.S. housing market continues to show signs of a recovery.
The mortgage finance company on Tuesday had reported 2012 net income of $17.2 billion, its largest annual profit in its history and first in six years, as it was buoyed by the housing market's turnaround and declining rates of soured loans.
Fannie said the percentage of loans at least 90 days delinquent declined to 3.13% during the month from 3.18% during January. The prior-year rate was 3.82%.
The report also showed that Fannie's mortgage portfolio dropped 13% to $604.29 billion from a year earlier and was off by 2.6% from January. Its book of business, which includes mortgage-backed securities and other guarantees, declined to $3.181 trillion, an annualized rate of decline of 1.7%.
In addition, Fannie's net commitments to purchase mortgages fell 39% to $2.24 billion from a year earlier but were up 21% from the previous month.
The U.S. government took over the Fannie Mae and Freddie Mac through a legal process known as conservatorship in September 2008 as rising mortgage defaults threatened to burn through thin capital reserves.
http://www.4-traders.com/FEDERAL-NATIONAL-MORTGAGE-6383239/news/Federal-National-Mortgage-Association-Fannie-Says-Serious-Delinquencies-Fell-in-February-16604274/
7) Home prices increases that is another good sign FNMA will post big profits in 2013.
http://ih.advfn.com/p.php?pid=nmona&article=56608671
8) ~VERY IMPORTANT FOR Q1 PROFIT PREDICTION; MINIMUM 59 BILLION DOLLARS~
NEW YORK TIMES: $59 billion tax related gain will be posted at the first-quarter report
Fannie Mae Reports Record $7.6 Billion Quarterly Earnings
By REUTERS
Published: April 2, 2013
WASHINGTON (Reuters) — Fannie Mae, the largest mortgage financier in the United States, said Tuesday that it earned $7.6 billion in the fourth quarter, a record amount. It also predicted that it would be profitable “for the foreseeable future,” the latest sign that it is benefiting from a housing market recovery.
Add to Portfolio With its fourth-quarter earnings, Fannie Mae, which is owned by the federal government, earned $17.2 billion in 2012 — its first profitable year since 2006 and in contrast to its $16.9 billion loss in 2011.
Fannie Mae and its smaller sibling, Freddie Mac, were bailed out in 2008 as the housing crisis intensified, but the mortgage market has stabilized since then. The companies can now focus on their timetable for repaying their debt to taxpayers, $117.1 billion for Fannie Mae.
Home prices in January were 8.1 percent higher than a year earlier and mortgage delinquencies in the fourth quarter, which ended Dec. 31, fell to their lowest level since 2008.
Last year “really marked a turning point for us,” Timothy Mayopoulos, Fannie Mae’s chief executive, said in a conference call with reporters on Tuesday.
The company said in a regulatory filing on Tuesday that despite its higher profit, it was not taking a tax-related gain that could have added as much as $59 billion to its earnings. Recording the gain would have required Fannie Mae to pay a bigger dividend to the Treasury and would have limited its access to bailout support.
Fannie Mae said in the filing that it expected to start taking those tax-related gains as early as when it files its first-quarter report. The federal government took over Fannie Mae and Freddie Mac in 2008 as losses on souring loans mounted, and eased some terms of the bailout early this year. The government has said it hopes eventually to withdraw support from the two companies, which, with the Federal Housing Administration, provide financing for nine out of 10 new home loans.
http://www.nytimes.com/2013/04/03/business/fannie-mae-reports-record-7-6-billion-quarterly-earnings.html?_r=0
8) SO pretty much the money is ready to pay back like WSJ articles said.
Link for Wall Street Journal Article
http://online.wsj.com/article/SB10001424127887323639604578368443773821834.html
9) The list of Hedge funds holding FNMA shares
Top Fund Holders
Holder Shares % Out Value* Reported
Capital Income Builder, Inc. 12,458,206 1.08 3,239,133 Dec 31, 2012
Franklin Custodian Funds-Income Fund 5,889,149 0.51 1,648,961 Sep 30, 2012
Franklin Templeton VIP-Franklin Income Securities 1,674,119 0.14 468,753 Sep 30, 2012
Lord Abbett Bond-Debenture Fund 818,000 0.07 229,040 Sep 30, 2012
EQ Advisors Trust-EQ/Franklin Core Balanced Portfolio 344,367 0.03 96,422 Sep 30, 2012
MET Investors Ser Tr-Lord Abbett Bond Debenture Portfolio 227,275 0.02 63,637 Sep 30, 2012
Advanced Series Tr-AST/Franklin Templeton Founding Fds Alloc 253,900 0.02 71,092 Sep 30, 2012
JNL Series Trust-JNL/Franklin Templeton Income Fund 165,000 0.01 46,200 Sep 30, 2012
John Hancock Var Ins Tr-Income Tr 103,273 0.01 28,916 Sep 30, 2012
SBL Fund 'Z' Series (Alpha Opportunity) 78,409 0.01 20,386 Dec 31, 2012
http://finance.yahoo.com/q/mh?s=FNMA+Major+Holders
10) FNMA CEO is Top Lawyer and Former BAC Counsel
http://www.nytimes.com/2012/06/06/business/fannie-mae-names-new-chief.html?_r=0
11) For those reasons above FNMA common shareholders will make significant profit in coming days, weeks, months and years. Remember SIRI was 8 cent rocked to over 4 dollars.
Big money started to pick up FNMA.
FNMA holds 3.2 TRILLION DOLLARS Asset. The biggest company in the world. Expecting minimum 60 billion dollars net profit at Q1, 2013
This is my opinion read, check and make your own decision.
~Blue~
FNMA~ $17.2 billion NET PROFIT~ DD with links
1) FNMA last year posted 17.2 BILLION DOLLARS net profit.
FNMA Reports Largest Net Income in Company History; $17.2 Billion for 2012 and $7.6 Billion for Fourth Quarter 2012
http://www.fanniemae.com/resources/file/ir/pdf/quarterly-annual-results/2012/q42012_release.pdf
2) Net Income Per Share 16.04 DOLLARS
FNMA total net income 17.2 BILLION DOLLARS in 2012
Mar 31, 2012 Net Income 2,718,000,000 dollars
Jun 30, 2012 Net Income 5,119,000,000 dollars
Sep 30, 2012 Net Income 1,813,000,000 dollars
Dec 30, 2102 Net Income 7,570,000,000 dollars
Total Net income 17.2 BILLION DOLLARS in 2102
The company has total 1,158,080,000 outstanding shares
NET INCOME PER SHARE 17,200,000,000 / 1,158,080,000 = 16.04 DOLLARS
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=9200264
3) FNMA~Company expects to remain profitable for the foreseeable future.
Fannie Mae has paid taxpayers $35.6 billion in dividends since 2008; company expects to remain profitable for the foreseeable future.
http://www.fanniemae.com/resources/file/ir/pdf/quarterly-annual-results/2012/q42012_release.pdf
4) The company made agreement with Bank of America in January 2013. Bank of America will pay to FNMA 3.6 billion dollars plus to buy back 7.6 billion dollars bad loans that they sold to FNMA. It means 11.6 billion dollars another advantage FNMA got. I mean first quarter of 2013 we will see huge profit as well.
Bank of America agreement link
http://online.wsj.com/article/SB10001424127887324391104578227292446942824.html
5) There are 20 Banks have to get agreement with FNMA to get back bad loans that they sold FNMA. I believe some of them will pay this year to FNMA.
http://beta.fool.com/kcolona/2013/04/03/more-legal-woes-pose-a-threat-to-bank-profits/28871/?source=eogyholnk0000001
6) SOURCE OF PROFIT: Serious Delinquencies Fell in February
04/03/2013| 05:06pm US/Eastern
Fannie Mae said serious delinquencies on single-family mortgages in its portfolio fell during February, as the U.S. housing market continues to show signs of a recovery.
The mortgage finance company on Tuesday had reported 2012 net income of $17.2 billion, its largest annual profit in its history and first in six years, as it was buoyed by the housing market's turnaround and declining rates of soured loans.
Fannie said the percentage of loans at least 90 days delinquent declined to 3.13% during the month from 3.18% during January. The prior-year rate was 3.82%.
The report also showed that Fannie's mortgage portfolio dropped 13% to $604.29 billion from a year earlier and was off by 2.6% from January. Its book of business, which includes mortgage-backed securities and other guarantees, declined to $3.181 trillion, an annualized rate of decline of 1.7%.
In addition, Fannie's net commitments to purchase mortgages fell 39% to $2.24 billion from a year earlier but were up 21% from the previous month.
The U.S. government took over the Fannie Mae and Freddie Mac through a legal process known as conservatorship in September 2008 as rising mortgage defaults threatened to burn through thin capital reserves.
http://www.4-traders.com/FEDERAL-NATIONAL-MORTGAGE-6383239/news/Federal-National-Mortgage-Association-Fannie-Says-Serious-Delinquencies-Fell-in-February-16604274/
7) Home prices increases that is another good sign FNMA will post big profits in 2013.
http://ih.advfn.com/p.php?pid=nmona&article=56608671
8) ~VERY IMPORTANT FOR Q1 PROFIT PREDICTION; MINIMUM 59 BILLION DOLLARS~
NEW YORK TIMES: $59 billion tax related gain will be posted at the first-quarter report
Fannie Mae Reports Record $7.6 Billion Quarterly Earnings
By REUTERS
Published: April 2, 2013
WASHINGTON (Reuters) — Fannie Mae, the largest mortgage financier in the United States, said Tuesday that it earned $7.6 billion in the fourth quarter, a record amount. It also predicted that it would be profitable “for the foreseeable future,” the latest sign that it is benefiting from a housing market recovery.
Add to Portfolio With its fourth-quarter earnings, Fannie Mae, which is owned by the federal government, earned $17.2 billion in 2012 — its first profitable year since 2006 and in contrast to its $16.9 billion loss in 2011.
Fannie Mae and its smaller sibling, Freddie Mac, were bailed out in 2008 as the housing crisis intensified, but the mortgage market has stabilized since then. The companies can now focus on their timetable for repaying their debt to taxpayers, $117.1 billion for Fannie Mae.
Home prices in January were 8.1 percent higher than a year earlier and mortgage delinquencies in the fourth quarter, which ended Dec. 31, fell to their lowest level since 2008.
Last year “really marked a turning point for us,” Timothy Mayopoulos, Fannie Mae’s chief executive, said in a conference call with reporters on Tuesday.
The company said in a regulatory filing on Tuesday that despite its higher profit, it was not taking a tax-related gain that could have added as much as $59 billion to its earnings. Recording the gain would have required Fannie Mae to pay a bigger dividend to the Treasury and would have limited its access to bailout support.
Fannie Mae said in the filing that it expected to start taking those tax-related gains as early as when it files its first-quarter report. The federal government took over Fannie Mae and Freddie Mac in 2008 as losses on souring loans mounted, and eased some terms of the bailout early this year. The government has said it hopes eventually to withdraw support from the two companies, which, with the Federal Housing Administration, provide financing for nine out of 10 new home loans.
http://www.nytimes.com/2013/04/03/business/fannie-mae-reports-record-7-6-billion-quarterly-earnings.html?_r=0
8) SO pretty much the money is ready to pay back like WSJ articles said.
Link for Wall Street Journal Article
http://online.wsj.com/article/SB10001424127887323639604578368443773821834.html
9) The list of Hedge funds holding FNMA shares
Top Fund Holders
Holder Shares % Out Value* Reported
Capital Income Builder, Inc. 12,458,206 1.08 3,239,133 Dec 31, 2012
Franklin Custodian Funds-Income Fund 5,889,149 0.51 1,648,961 Sep 30, 2012
Franklin Templeton VIP-Franklin Income Securities 1,674,119 0.14 468,753 Sep 30, 2012
Lord Abbett Bond-Debenture Fund 818,000 0.07 229,040 Sep 30, 2012
EQ Advisors Trust-EQ/Franklin Core Balanced Portfolio 344,367 0.03 96,422 Sep 30, 2012
MET Investors Ser Tr-Lord Abbett Bond Debenture Portfolio 227,275 0.02 63,637 Sep 30, 2012
Advanced Series Tr-AST/Franklin Templeton Founding Fds Alloc 253,900 0.02 71,092 Sep 30, 2012
JNL Series Trust-JNL/Franklin Templeton Income Fund 165,000 0.01 46,200 Sep 30, 2012
John Hancock Var Ins Tr-Income Tr 103,273 0.01 28,916 Sep 30, 2012
SBL Fund 'Z' Series (Alpha Opportunity) 78,409 0.01 20,386 Dec 31, 2012
http://finance.yahoo.com/q/mh?s=FNMA+Major+Holders
10) FNMA CEO is Top Lawyer and Former BAC Counsel
http://www.nytimes.com/2012/06/06/business/fannie-mae-names-new-chief.html?_r=0
11) For those reasons above FNMA common shareholders will make significant profit in coming days, weeks, months and years. Remember SIRI was 8 cent rocked to over 4 dollars.
Big money started to pick up FNMA.
FNMA holds 3.2 TRILLION DOLLARS Asset. The biggest company in the world. Expecting minimum 60 billion dollars net profit at Q1, 2013
This is my opinion read, check and make your own decision.
~Blue~
FNMA Net Income Per Share 16.04 DOLLARS
FNMA total net income 17.2 BILLION DOLLARS in 2012
Mar 31, 2012 Net Income 2,718,000,000 dollars
Jun 30, 2012 Net Income 5,119,000,000 dollars
Sep 30, 2012 Net Income 1,813,000,000 dollars
Dec 30, 2102 Net Income 7,570,000,000 dollars
Total Net income 17.2 BILLION DOLLARS in 2102
The company has total 1,158,080,000 outstanding shares
NET INCOME PER SHARE 17,200,000,000 / 1,158,080,000 = 16.04 DOLLARS
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=9200264
3) FNMA~Company expects to remain profitable for the foreseeable future.
Fannie Mae has paid taxpayers $35.6 billion in dividends since 2008; company expects to remain profitable for the foreseeable future.
http://www.fanniemae.com/resources/file/ir/pdf/quarterly-annual-results/2012/q42012_release.pdf
4) The company made agreement with Bank of America in January 2013. Bank of America will pay to FNMA 3.6 billion dollars plus to buy back 7.6 billion dollars bad loans that they sold to FNMA. It means 11.6 billion dollars another advantage FNMA got. I mean first quarter of 2013 we will see huge profit as well.
Bank of America agreement link
http://online.wsj.com/article/SB10001424127887324391104578227292446942824.html
5) There are 20 Banks have to get agreement with FNMA to get back bad loans that they sold FNMA. I believe some of them will pay this year to FNMA.
http://beta.fool.com/kcolona/2013/04/03/more-legal-woes-pose-a-threat-to-bank-profits/28871/?source=eogyholnk0000001
6) SOURCE OF PROFIT: Serious Delinquencies Fell in February
04/03/2013| 05:06pm US/Eastern
Fannie Mae said serious delinquencies on single-family mortgages in its portfolio fell during February, as the U.S. housing market continues to show signs of a recovery.
The mortgage finance company on Tuesday had reported 2012 net income of $17.2 billion, its largest annual profit in its history and first in six years, as it was buoyed by the housing market's turnaround and declining rates of soured loans.
Fannie said the percentage of loans at least 90 days delinquent declined to 3.13% during the month from 3.18% during January. The prior-year rate was 3.82%.
The report also showed that Fannie's mortgage portfolio dropped 13% to $604.29 billion from a year earlier and was off by 2.6% from January. Its book of business, which includes mortgage-backed securities and other guarantees, declined to $3.181 trillion, an annualized rate of decline of 1.7%.
In addition, Fannie's net commitments to purchase mortgages fell 39% to $2.24 billion from a year earlier but were up 21% from the previous month.
The U.S. government took over the Fannie Mae and Freddie Mac through a legal process known as conservatorship in September 2008 as rising mortgage defaults threatened to burn through thin capital reserves.
http://www.4-traders.com/FEDERAL-NATIONAL-MORTGAGE-6383239/news/Federal-National-Mortgage-Association-Fannie-Says-Serious-Delinquencies-Fell-in-February-16604274/
7) Home prices increases that is another good sign FNMA will post big profits in 2013.
http://ih.advfn.com/p.php?pid=nmona&article=56608671
8) ~VERY IMPORTANT FOR Q1 PROFIT PREDICTION; MINIMUM 59 BILLION DOLLARS~
NEW YORK TIMES: $59 billion tax related gain will be posted at the first-quarter report
Fannie Mae Reports Record $7.6 Billion Quarterly Earnings
By REUTERS
Published: April 2, 2013
WASHINGTON (Reuters) — Fannie Mae, the largest mortgage financier in the United States, said Tuesday that it earned $7.6 billion in the fourth quarter, a record amount. It also predicted that it would be profitable “for the foreseeable future,” the latest sign that it is benefiting from a housing market recovery.
Add to Portfolio With its fourth-quarter earnings, Fannie Mae, which is owned by the federal government, earned $17.2 billion in 2012 — its first profitable year since 2006 and in contrast to its $16.9 billion loss in 2011.
Fannie Mae and its smaller sibling, Freddie Mac, were bailed out in 2008 as the housing crisis intensified, but the mortgage market has stabilized since then. The companies can now focus on their timetable for repaying their debt to taxpayers, $117.1 billion for Fannie Mae.
Home prices in January were 8.1 percent higher than a year earlier and mortgage delinquencies in the fourth quarter, which ended Dec. 31, fell to their lowest level since 2008.
Last year “really marked a turning point for us,” Timothy Mayopoulos, Fannie Mae’s chief executive, said in a conference call with reporters on Tuesday.
The company said in a regulatory filing on Tuesday that despite its higher profit, it was not taking a tax-related gain that could have added as much as $59 billion to its earnings. Recording the gain would have required Fannie Mae to pay a bigger dividend to the Treasury and would have limited its access to bailout support.
Fannie Mae said in the filing that it expected to start taking those tax-related gains as early as when it files its first-quarter report. The federal government took over Fannie Mae and Freddie Mac in 2008 as losses on souring loans mounted, and eased some terms of the bailout early this year. The government has said it hopes eventually to withdraw support from the two companies, which, with the Federal Housing Administration, provide financing for nine out of 10 new home loans.
http://www.nytimes.com/2013/04/03/business/fannie-mae-reports-record-7-6-billion-quarterly-earnings.html?_r=0
8) SO pretty much the money is ready to pay back like WSJ articles said.
Link for Wall Street Journal Article
http://online.wsj.com/article/SB10001424127887323639604578368443773821834.html
9) The list of Hedge funds holding FNMA shares
Top Fund Holders
Holder Shares % Out Value* Reported
Capital Income Builder, Inc. 12,458,206 1.08 3,239,133 Dec 31, 2012
Franklin Custodian Funds-Income Fund 5,889,149 0.51 1,648,961 Sep 30, 2012
Franklin Templeton VIP-Franklin Income Securities 1,674,119 0.14 468,753 Sep 30, 2012
Lord Abbett Bond-Debenture Fund 818,000 0.07 229,040 Sep 30, 2012
EQ Advisors Trust-EQ/Franklin Core Balanced Portfolio 344,367 0.03 96,422 Sep 30, 2012
MET Investors Ser Tr-Lord Abbett Bond Debenture Portfolio 227,275 0.02 63,637 Sep 30, 2012
Advanced Series Tr-AST/Franklin Templeton Founding Fds Alloc 253,900 0.02 71,092 Sep 30, 2012
JNL Series Trust-JNL/Franklin Templeton Income Fund 165,000 0.01 46,200 Sep 30, 2012
John Hancock Var Ins Tr-Income Tr 103,273 0.01 28,916 Sep 30, 2012
SBL Fund 'Z' Series (Alpha Opportunity) 78,409 0.01 20,386 Dec 31, 2012
http://finance.yahoo.com/q/mh?s=FNMA+Major+Holders
10) FNMA CEO is Top Lawyer and Former BAC Counsel
http://www.nytimes.com/2012/06/06/business/fannie-mae-names-new-chief.html?_r=0
11) For those reasons above FNMA common shareholders will make significant profit in coming days, weeks, months and years. Remember SIRI was 8 cent rocked to over 4 dollars.
Big money started to pick up FNMA.
FNMA holds 3.2 TRILLION DOLLARS Asset. The biggest company in the world. Expecting minimum 60 billion dollars net profit at Q1, 2013
This is my opinion read, check and make your own decision.
~Blue~
April 12th is the settlement date. You need to buy WAFR shares up through April 10th, the ex dividend date to get the 5% dividend.
WAFR UP 13.6% Green Finish >>>>
CYBK UP 38% GREEN and Company soon delivering major items IMO ~