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It came down to below $3 after 8 continuous days closing above $3.
It came down to $3 after 8 continuos days closing above $3.
Jaren, IMO, if the earnings are regular, I agree the stock's potential may be $300. But some of the earnings are from suing the banks and it won't be the case every year. So I think $300 may not be achievable where as it has a potential of $100 if every thing works in favor. I am long on FNMA.
SSH & ONVO note down the stocks
Today Onvo went up 12% to $11.
Thank you and Wish you all a very Happy New Year 2014.
8th business day holding up close above $3 continuous.
As this is raised from 0.30 to $3 in 2013, with it's peak of $5.44, I hope it reaches $3 to $30 in 2014, with it's peak of $54.4
7th business day holding up close above $3 continuous.
Wells Fargo to pay Fannie Mae $591 million
http://mobile.bloomberg.com/news/2013-12-30/wells-fargo-to-pay-fannie-mae-591-million-to-resolve-claims.html
Morning Navycmdr.
On Thursday Dec 19th it crossed $3 and still holding it. Total 6 Business days till now.
3 Best Activist Campaigns of 2013.
http://www.fool.com/investing/general/2013/12/27/3-best-activist-campaigns-of-2013.aspx#.Ur3zgXi9LCR
Don't we have to consider that some of the earnings in the present fiscal year are from suing the big banks. So, the regular earnings are less than $48 billion. I see the potential for pps is about $100.
I heard Lagavulin would be good
Patswil, are you telling just a random number or is there any reason behind predicting pps will be $1000.
Wish you All a Very Merry Christmas.
Hope we going to have a wonderful New Year 2014.
Blue's target for pps in 2014 is $30. Crawford's is 4/12/14/26/60. Jarenawer's prediction is $50 in 2014 if it is released from conservatorship and will reach up to $300.
Detearing saying it's sky is $325 in 10 years from his investment hat. MonestHind saying it's worthless and will be wind down.
In 2008, in a time of crisis, the government goes to Fannie and Freddie and said, "here's the deal. You give us 79.9% ownership of the company, and anything we give you, we want 10% interest on that until you pay it back. I have no issue with that — it was a crisis. You get great deals in tough times, and taxpayers stepped in and deserved a great deal.
Then in 2012, in good times, the government changed the terms. Instead of collecting a 10% annual dividend, they said "we want everything.'' And they were negotiating with themselves (because Fannie and Freddie are controlled by the Federal Housing Finance Administration). That's what we're fighting.
http://www.usatoday.com/story/money/business/2013/12/25/fairholme-capital-berkowitz-on-fannie-freddie-future/4041843/
This is the 4th business day holding pps continuously above $3. In May run it was 3 business days holding pps above $3 and In Nov it was 2 business days.
On Friday May 24th it crossed $3 first time since 2009. On Wednesday May 29th it crossed $5 and came down to $2.70s on the same day. So total 3 business days it was above $3 during, last big run(3rd run), May. After that it crossed $3 on Thursday Nov 14th and came down to $2.90s on Monday Nov 18th. So total 2 business days. Now it crossed $3 on Thursday Dec 19th and maintaining above $3. So total 4 business days till now.
I think this is the first time it's holding above $3 these many days continuously since 2009.
Thanks and Wish you the same Crawford.
Detearing, what you suggest about the bio technology companies like ONVO, SSH.
Congrats for the new board Detearing. Thanks for taking this initiative.
As DT mentioned, if the pps reaches $325 then it would be 10,000% growth from the current pps.
FNMA has went up almost 1000% in last 1 year.
Very strong close. Excellent for longs.
$$$$ FNMA $$$$$
Thanks for posting.
I think treasury exercises it's warrants only if Fannie Mae fails to clear the debt. Any experts, can you please clarify this?
Blue's target for FNMA in 2014 is $30.
I think Fannie Mae has the potential to reach $100 in about 5 years provided it's been released from conservatorship. This is just IMHO.
I am not familiar with charts. I have seen Fannie Mae's old symbol FNM trading at about $67 in mid 2007, before it start falling to 0.30 by Dec 2008. After that it bounced back to near $2 by Dec 2009. Then came down to 0.25.
It's highest price is about $67 before collapse. So it may reach to $10 very easily IMHO.
I hope it comes true that this reaches 300.
If I remember correctly, Detearing has been telling that hedge funds accumulating FnF commons even before the Pershing Square news.
You mean 2.88
3.15 wow it's cool.