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Fears of dilution will hold the stock back until plans are announced.
Always sell the pop.
First the SEC letter and now this? Has anyone seen the SEC letter yet?
I could have sworn that I have seen this statement multiple times on this board. Do you know? TIA
How many final warning shots have been sent?
How many times has the sweep been “over”?
The longer you wait, the less pennies you will need.
This has not hit bottom yet imo.
That’s good that you started doing some DD regarding FMCC.
First time? Is it your first time looking?
Choo Choo. All aboard.
“We won! This will be over $10 in no time.”
Nothing has been won yet. If it had been, the stock would not be in the 3s. There is still a lot of potential downside for the common shares imo.
The Warrants are not being challenged in court. All estimates and models should include the warrants being exercised.
I was sticking with you when you posted the choo choo trains at $4.20 and it has been all red since. Did you post at the exact top?
http://www.freddiemac.com/governance/board-directors.html
https://www.fanniemae.com/portal/about-fm/governance/board-directors.html
Both companies have a board of directors on their website now!
You asked where the money was saved and responded with, “We Are Talking About The US Government. They Print Money BTW. Capital Is Not A Problem, Layton Recently Said So.”
You answered your own question. There is no money saved anywhere for fnma shareholders. They spent it. The gov would rather dilute common holders than print money. Take it to the bank.
Calabria now has 18 months. Not much time to raise capital thru retained earnings only. There will be massive dilution now.
Common shareholders wanted a slow recap, this news speeds up the timeline and increases the dilution to common shares.
Happy fnma diluted investing.
It’s not saved. It went into the treasury’s general account and was spent. There is no money laying around for shareholders unfortunately.
Thanks.
Pfds are not guaranteed to go to par fwiw.
For the sake of all us common holders dignity and reputation,can you make sure it has no spelling errors. Seeing the average joe plan sent to every senator and housing official with spelling errors in the first sentence was quite embarrassing for all of us common holders.
Thank you in advance.
Has yahoo finance confirmed?
Clutch call.
Wow. You shut down twitter with that one.
I thought $100 was your fnmas price target?
“Would not touch prfds in light of these latest development” - the latest developments are huge for pfds. They will get par and once converted to common, as previously mentioned in the treasury plan, they will ride the commons to even higher value.
Buying pfds right now is like buying common at a discount because after conversion and the issuance of new pfds, we will all be commoners.
Are the lemmings no longer slow?
God bless. Can someone start a gofundme for the Average joe lawsuit?
Huge win for pfds. Commons can still be diluted and are up in the air. Classic risk v reward.
There is plenty of time to buy in now that possible and likely dilution, jr pfd conversion, and even receivership are spelled out in the plan.
R-Ship is still on the table. Expect a 20-30% haircut tomorrow imo. Cheap shares will be available. This is going to crater imho.
Sell the pop?
No bueno at all. On the bright side, we will not have to read about “TBD” and “No Sweep!!!!” this Q.
Happy FNMA waiting.
Carlos promised the secret plan and has yet to deliver.
There is no plan. It is a made up fantasy that has 0% credibility.
“over emotional GSE Lemming response”
Have you seen the lemmings on twitter attacking Mark? Ridiculous and incredibly stupid.
That sure was FMCC disappointing.
Not much of a party
"Of the $1.1B AUM, Cash and Equivalents are at ~32%, St. Joe Company stock at ~34%, Fannie/Freddie Pfds at ~20%, and Imperial Metals equity and debt at ~14%. The other funds under Fairholme's umbrella are the Fairholme Focused Income Fund (FOCIX) and Fairholme Allocation Fund (FAAFX). Large equity holdings that are not in the 13F report include Fannie Mae (OTCQB:FNMA) pfds (OTCQB:FNMAS), Freddie Mac (OTCQB:FMCC) pfds (OTCQB:FMCKJ), and Imperial Metals (OTCPK:IPMLF)."
En banc just leak?
Watch out below.
Utility Model.
It’s coming amigos!!!
Objectively neutered common FNMA horse shoes.