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I agree...man I just got nervous LOL...I am holding way too many shares if this goes down.
If the Trump team realizes what Mnuchin will get drilled in questioning...and per his comments IS their intent...you would think Trump would say something after inauguration before Mnuchin gets up to grease those answers. JMI
Exactly...and although I realize that it is news that Mnuchin owns his different investments it is laughable to think that he opened his mouth about a subject that he thinks should be done and is the right thing to do to profit what is reported a 9% fund increase on 1-5 million investment. He is a multimillionaire! I'm sure he needed that extra 100-500K LOL but that is how it's trying to be spinned. Hmmm maybe he can go in on another painting now...
Yea...if he does a good job helping Sessions could he be the go to for Mnuchin?
Hmmm...true...but could see it just on the Q&A. If Sessions gets the nod do you wander who they have coach Mnuchin? LOL No conflict there LOL
Come on Rick it moved a buck and change when he did a 20 second bite on TV...now he may get grilled on why and how and only .10? I think a buck plus...just my opinion...
so whats everyones opinion on how much it moves when Mnuchin gets asked about FnF at the hearing?
There is 10...42 more....
hasn't been announced yet...still TBD
Can someone please explain these numbers...I thought the interest was annually, not a one time which is what these and other numbers look like. Thanks
I know you are in Prfd's and will get par plus divy's...what, in your opinion, happens with commons? Do you think warrants get exercised? I always thought a settlement, no warrants but dilution with a second offering to recap..after share price rises. 3B added shares at 30-40B capital. I don't see any moneys coming back and no penalties or interest. Just my opinion but love to hear yours. Thanks again
LOL..always like your feedback Rick...My only issue with this is unless there has been some arrangement with court cases to drop, then he is giving a large part of a potential settlement area just go. And before everyone starts I realize and agree that the NWS is illegal but it is still in effect. This is my question regarding a settlement, courts or do they just give in/up on court but there would be huge penalties IMO if that happened.
Glen, I doubt we see anything on the accounting suit but what do you feel is the way this plays out? Do you think it will be court ruling or settlement or MWS stop by Mnuchin that gets this rolling? Timeline? TIA
I believe the 21 days is only for the response where she initiated the payment of attorneys fees due to the large amounts of delays. She has already ruled on the release of docs and we await the courts on the mandamus ruling so she can continue. Sweeney has done everything she can and thankfully very thorough!
Just watched Sully. Can't explain the smile I get when I see the credits and Steve Mnuchin is there. Here is hoping we all have more to smile about because of him this year! Go FnF
So I get in the past there could be an after hours trade and people say they were "catching up" or the like...but someone explain how that trade can be HALF the daily quantity traded please. I don't understand that...and it happened on Fannie and Freddie
My guess is yes....and could happen quicker. Court should see some action by end of January??? a 4th amendment??? Settlement??? Any of these could cause it to jump higher...quicker...depending on outcome IMO
LOL J...until you had 500K and then would want more...human nature...LOL
Love the humble attitude mixed with gratitude. Your father did a fine job. I own my own small subcontracting business. Thankfully we have done well and most everything I have (excluding mortgage and commercial bldg) are paid for. I have taken money in and out of the market, flipped a couple houses, but am currently all in on FNMA. Again, on the next run up I am hoping to be able to pay commercial bldg off and still have enough to keep my initial investment plus. 187K shares of common now and add when I can. You have done well for yourself and hope the hard work and good luck continue.
Nice!!! I currently am all in which I never do. Hope I don't regret but can't think of another investment that will pay out as well and trying to set up retirement. After the last run up I only sit at 750K value but that is enough to keep me up at nights LOL Somewhere at the 7-8 range I will pull some out and pay off my commercial building so its a guarantee win for me at that point. GO FNMA
Thank you for taking the time and putting in the effort! Some people on this board are funny...no one knows what's going to happen but I enjoy hearing all sides as it makes for a more informed investor. Thanks
NORC...the only others I can think of are Mandamus ruling, docs leaked, settlement talk, money returned, warrants cancelled. We get a jump on each of these too. A late night tweet wouldn't hurt either LOL
Thought markets are closed Monday?
I was thinking the same thing between laughing...unless he came to the table GIVING our company back...money and all, doesn't mean anything.
ohh...like not dismantling the Muslim registry or outlawing offshore drilling?!? or does that rule only apply to the incoming President?
I often have wondered about this scenario but if Obama does this after cashing the 3B payment and does nothing to help recap...after taking everything for so long...what a POS! Trump would def have to figure a way to release the docs to "get even". FnF would have to hustle to do a secondary offering to recap before Congress could get much traction. I'm good with this scenario tho.
Jrienhold...Toloson is just down the street...live in Laveen.
Steve..greta time of the year to visit here..golf, bowl games, and car shows/auctions (Barrett Jackson for Rick is a car auction). I actually have a 67 Camaro w/ LS3 we are finishing but you can never have enough muscle cars LOL. Hope Fannie does well enough for you to get that home in N Scottsdale! Beautiful up there!! Had family from Ark. Good Luck Steve
Now...lets hope we all hear some good GSE news in the coming weeks!!!
Ok...so I live in Phoenix and Barrett Jackson is here Jan 14-22. I need 8 LOL...come on $8 FNMA!
Obit, as I read it this would have to be legal decision that would start this action. If we get a favorable decision from Perry appeal, could Mnuchin then unwind in your opinion? If so, would we get all payments back and warrants dissolved? What is the likely hood of this again in your opinion? Thanks for all your posts and insight, def has helped me and others!
no one knows exactly what the number will be...no one knows what the time line will be. If it is 60B and I think it will be 40-50B..it won't be calculated at 3.50. The stock jumped 3+ dollars in a month mostly because a Sec of Treas elect just mentioned release. If the stock is 8-10 after a true release plan and they sell 3-4B shares that would equate to 30-40B plus a fourth and first qtr earnings of 3B each and we are somewhere 35-45B. The rest will happen naturally thru earnings as we will be given a timeline to meet. This can change if we recieve ANY monies in a settlement or court case. IMO
Chessmaster,,,I am not sure about your intent with this message. I was only pointing out the error in your statement not the intent. I am long and agree that there has been a theft of the company. I also think it was taken quickly and unethically and IMO was used to clean up balance sheets for the banks. I do not understand why there have not been more lawsuits that question HERA or the original conservatorship. Since there hasn't, or hasn't yet, all the talk about a 30-60B overpayment is overstatement to me. At best they renegotiate the contract to bank standards (5% in lieu of 10%) and then there is a substantial overpayment although I doubt we ever see that money back (part of settlement agreement maybe?). I am hopeful the warrants get cancelled. The lawsuit money is disturbing and would like input from lawyers on the board as this was monies gone after by the Gov't not FnF as I understand so not sure those monies count to us. I would love to get tons of cash back in some form in the release but not counting on it. As stated before I just hope we don't have to dilute too heavily to recap. all IMO. GLTY
Very much agree...nicely written...and def true. I believe we will see this transpire this year, probably in the first half. Good Luck Yank...Have a Merry Christmas and Happy Holidays sir
Chessmaster...the GSEs have not had all their income swept but their PROFITS. Vastly different. They still pay their bills with what is made just can't keep the excess.
Merry Christmas ada! and Merry Christmas to all on the board! It has been a pleasure reading and learning from you all...looking forward to what this next year brings!
Stox...unless my calcs are wrong that is like a 31% ratio? Noone has thrown out those type numbers.
Capitalism...thanks for all you bring..def makes one think. What is your opinion of how the capital will be raised? Do you think warrants will be exercised? You have talked alot about valuation and I understand that that will be dictated by how much and what kind of instrument is used to recap but you have to have an investment theory for yourself so what do you value this at? I think the warrants will not be exercised, I believe that the settlement will extinguish them but no "over-payment" will be handed over. I think the stock price rises to 10-12 and there will be a secondary offering of 3B shares plus or minus that gets us in the 30-35B range plus 4th qtr earnings of 3ish. That gets us released and relisted. Divys would be after that. Love to hear your thoughts and THANKS for sharing your knowledge!
The mandimus ruling isn't Sweeney...she did her part already
Kelly Anne was on Rachel Maddox talking about many things including FNMA. About the 30 minute mark. Asked if he made money on Mnuchin comments. No real talk though although Maddox said no issue that Mnuchin said what he did except Trump may have gained. FYI
Wouldn't that be a treat...and a Merry Christmas!
My two cents...although I do believe the warrants are in play I think that Trump/Mnuchin reverse the NWS and renegotiate the deal to more of a bank bailout setup with a 5% dividend. This would show that the GSE's majorly overpaid and that will be kept as the profit that he needs to show the public that the "taxpayers" made money. At this the PPS jumps and there would have to be a secondary offering to gain money for recap ( hopefully less than 5% but more than the 1.5% Howard says). Probably 3 billion shares plus or minus. I also think this quarter will be very profitable so if PPS offering is 10-12 there would be somewhere along the 35B neighborhood. This takes us out of conservator-ship and we relist. Up it goes from there. Taxpayers win, shareholders win, major investors and contributors win. Most will pay a good capital gains on this and the gov't wins too.