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hmm, so i would have double the shares at $1.40....makes alot of sense.
Last ditch effort for them. Is this doesn’t pass djt and mnuchin can reform unilateraly
is this assuming penny warrants arnt exercised?
what would a forward split of 5:1 do?
wow...this was big news 9 months ago.
IMO penny warrants will not be exercised and the GSE will be returned as private entities. Nothing has happened this year because Mnuchin and Trump cannot move unilaterally on the issue until after Jan 2nd 2018.
Expect a windfall increase in shares if Tax reform gets passed and congress goes on leave for the year.
From what I understand commons are rooting for tax reform and for congress to end session until after Jan 2nd. this ensures that the GSE contracts are expired and mnuchin can start housing reform. (per seeking alpha article I read)
I think current shareholders get first crack at buying the penny warrants at a big discount.
How many FNMAS preferred stockholders does it take to screw in a light bulb?
none, they all waited around too long and it crashed.
it may have zero to do or not you have no idea, i am going off mnuchins answer to that question and he seemed to think it did.
absolutely mnuchin linked them together! Congress needs to appropriate those funds for them to be used anyways and that was not done. Everything is on the table anything could happen with this stock but i find the silence to be most appealing due to the fact the previous administration was so loud about winding down the GSEs.
Mnuchin made a living with FNMA and his good friend brooks damn near runs the company. I wish i could put more of my money where my mouth is but i am already in for 120k but i do have a good feeling this stock gets released w/o warrants.
everyone was expecting the NWS continuation to negatively affect PPS....what happened is anyone's guess
50$ is if the warrants are exercised however I do not believe Mnuchin will and if true the stock price will be >or = patswils $161 estimate.
the whales got word and decided to stick it to him
the whales got word and decided to stick it to him
exactly how i feel, when this thing does pop it will be a members only club and the price of admission went way up
this should open strong
Circumstantial evidence or pure speculation at this point but i think the inevitable is the stop in NWS and a return to a govt sponsored private entity. reasons being :
1: Janet Yellens end of QE plays a huge role in this and pretty much spells out the status quo bond market retention
2: Mnuchins comments on "getting FNMA out of govt control" never hurts
3: Corker retiring is a plus
4: there is no alternatives on the table right now and the looming zero buffer is only 1 quarter away
Being that the NWS went through and was paid in full....why did the PPS go up?
why no news today? did the NWS go through or not?
he doesn't work there and i don't need to do anything. We have people working on our behalf
Not sure bill oreilly is the best one to tweet @foxnews :)
so the skinny repeal of Obama care couldn't take place with a majority of rebloodicans in the senate....aaaand people are worried Corker and Warner are going to pass legislation that will turn our entire fragile banking system upside down. YAAAA RIGHT.
FNMA lives on especially with all the very PUBLIC news the govt lied about the economic state of the GSE's.
Its not if but when
*** having said all of this I'm still not buying any more shares until I hear a definite answers.
damn, just saw a bunch of 100k + sells. PPS still looks good though
Mnuchin made his living through FNMA and is about to appoint his deputy sec treasury a FNMA executive. yes yes yes very very
It would be sooo nice to see those warrants shredded and FNMA returned private with a govt guarantee. Patswil estimates could be accurate but if we win a fraud court case and receive 280b in back dividend payments.....LETS GO TO THE MOON.
As optimistic as everyone is right now i still havent bought any more shares....i have way too much money in this stock already
can anyone find the full video?
any updates on Josh rosner on CNBC?
hes on 2:30 EST? where did you see this?
buy volume 783k vs 386k sell......but we are still down
Wow. She glossed over the issue of largest financial crime in us history
For sure. Buy volume > sell
"James S. MacLeod is chairman and CEO of CoastalSouth Bancshares Inc. in Hilton Head, South Carolina. He also is a member of the Mortgage Bankers Association [color=red][/color]and can be reached at JimMacLeod@coastalstatesbank.com. The viewpoints expressed by authors do not necessarily reflect the opinions of Scotsman Guide Media."
icahn and ackman are not institutional investors and wont show up on that list. they own waaaay more shares than anyone on that list.
what I am see is 2.5m shares sold vs 200k bought today. this is a huge discrepancy
what you say is the reason the stock price is so low...agreed that we could get screwed. However there is so much public information and with brooks on his way to be deputy sec treasury i find it on the lower end of the odds. If you had to go one way or the other ...life or death situation which side would you choose? chop FNF into 300 smaller peices and let the TBTF banks go ape shit or the simple easy solution.
We all know trump cant get shit passed anyways, much less a total untested overhaul of the mortgage industry that could debilitate the country.
you would think so but we are at 1,080,000 buys vs 900,000 sells.
I am an expert in mortgages and can tell you FNMA is not going anywhere. It would be nice to ease the pain by winning a court decision but that would open the door to a ton of shit the govt doesn't want.
Mnuchin has close ties to FNMA and will restore to some capacity IMO. there needs to be a GSE for the bonds no matter what
more people are buying than selling...