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Se ya next week newbie
The timeline is still over a year or two to exhaust all appeals i would think.
This damage model is a piece of crap for starters
Maybe $500
Thanks for posting this — especially considering you wont be participating in any of this interest because fnma commons are not a party to this class action
congrats, looks good... for something i would not own because i think it has no intrinsic value.
probably should go get screened for diabetes.
https://seekingalpha.com/article/4652253-white-house-treasury-can-solve-affordability-crisis-gses
The white house and fhfa are doing some speeches dec 7. To address affordable housing.
Fhfa has also been working to shore up the ercf and gse g fee pricing to make their earnings commercially viable.
Deese has said now is the time to act
There is a window of opportunity here for this to happen and we are in it.
I do not think so. Cheers
I have been wrong about the timing. Yes.
But your class of shares in my view has no intrinsic value. Good luck sir
Premature accumulation is a siren song of gse
Pfds
when you say mathematician clown friend, i dont even know which insane persona you're specifically referencing.
but i doubt anyone here did better. you definitely outsmarted me.
Well done
Agree: evidence — look at the share class he owns.
Strongly agree. Fnma commons arent even part of the suit
you've been right!
That is because you do not read closely or try hard enough to understand— a common trait amongst gse common shareholders
no, i tend to buy the HODs..
i feel like that is why i am here too... to shine a light on the truth in case anyone new comes to this board so they aren't bamboozled into having an uniformed opinion... like what so many people push on this board.
i sleep very well thanks, but that is because i dont own any common shares and only have preferred shares. the thought of owning common shares makes my skin wriggle.
We are not the same person. But cheers to you for having an independent opinion
Yes sir
The counterargument to your perspective is tha the companies are being overcapitalized and the investors who will be buying restructured common will see that the risk of ever being put into conservatorship with overcapitalized amounts of capital is 0 — they didnt need conservatorship in 2008 when they had less than half as much capital as they do now and made half as much money as they do now. And they still are not capitalized. When they are — the risk of conservatorship will be zero
You are looking for an explanation from an insane post who writes nonsense. I think the problem here is you for lending any non zero probability to the possibility that you may get an intelligablr response when you ask this proven nut job to give an explanation
That said i hope he gives you what you patronize him for so you can put the thought that he has any valuable insight to bed as i have
Not only do you fail to intrrpret the existing law as you make up some super secret accounting or whatever but also you call the prevailing public interpretation of HERA as written by scotus a lie.
Bold move.
Stay clueless young man.
Your schizophrenic behavior is not really adding value here to this message board
That is the idea. All i need is a non receivership equity restructuring like the one promised by treasury to submit to congress in 2021
Enjoy the ride my clueless friend
No real liquidity. The discount to the other jps is not that great. It is hard to buy— not just placing orders — i have to waste like 30 minutes calling the debt securities specialist over at schwab and have him place the order and since it is illiquid and there isnt really an otc bid/ask — it is really kind of a gray market security. That is the problem i have. I would buy more if someone wanted to do a block trade at a discount to what i could sell my other jps for. But i am not a big player. The prices of these jps have gone materially down since i started only owning them basically. Does not really translate well into winning. So far, like berkowitz, this trade for me has been realized and unrealized losses for the better part of a decade and this past week is no different.
When this plays through it will be fine. The question is when. Berkowitz could no longer confidently solve for that and the courts arguably are a tragedy— which was his main route
File this under reasons why you made the list.
when the restructuring takes place and $FNMAT is converted to common the shares you end up with will trade at a price x share count that is pretty close to $25 in a conversion scenario -- and in a lower probability dividend turn on scenario, the price of the $FNMAT will rise because people value 8.25% dividend rates... possibly to above $25.
This is the most likely outcome in my view.
Smart man. Less than $10 — these are cheap
What about jps anti dilution provisions do you not understand — once the wh/treasury turns the corner — jps are in the drivers seat in terms of what they are willing to allow and if they refuse — when commons get divs, so do jps— and the div rate on $fnmat drives the security over $25
I wrote this myself. It holds water. I think it was a serious reply to a post of yours. If you are not going to take me seriously that is cool. Noted.
In my view what is going to happen as part of this recap and release the most likely scenario is fannie and freddie will work with jps holders to convert them to common shares after the us treasury gets out of the way blocking the companies capital structures from laying siege to all their earnings forever. The second alternative would be just for the jps dividends to turn back on at that point when the companies start paying common dividends — which they will need to in order to attract 3rd party ipo private capital for the government to sell their stake
Two paths to par in my view. I see a 0% probability of redemption for cash.
My perspective is backed up by the government’s cbo report where they acknowledge that receivership is the only way to screw jps which have anti dilution protection and dividend preference to common shares
Yea, considering that in my view fnma has no intrinsic value because the spspa and fnmas is worth 25 when the companies are restructured— the opportunity has increased in the past year. Cheers