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True...but that was a different Admin...not one filled with pro FnF people and influenced by hedge fund friends...
current lawsuits are all HERA related...those related to a forced BK would not be. This isn't GM where they were going broke due to debt and labor contracts. This would be gov't forced and yes...there would be many more if that happened IMO
I tried to say the same... you just did way more eloquently! Nice post
Slacker..I understand your thought process and agree it is a gamble but for me, I can't see how a company that is making billions per year can wipe out current shareholders (either common or preferred) without a boatload of addt'l lawsuits starting. Had they been able to draw this to nothing then maybe but I don't think the new admin will follow the currents. Noone knows for sure tho so still a gamble.
Anyone who follows this stock should know that the delay was only whether they need to pay attorney's fees. This should not have dropped the PPS. I thought for sure there would be a bump when the electoral vote was released as any doubt would be taken out. Oh Well...we all know it will come back just wish I would have added today instead of yesterday...
so I too believe the warrants are in play. If you don't believe a settlement can happen, and I do understand your reasoning, do you believe it is just up to courts? Do you think they can "unwind" via a 4th amendment or ramming thru congress to a situation that would take it to prior to 2012 in which case most of the prfd cases would dissolve leaving just Ackman and some state cases? Or how else do see the resolution? TIA
Rekcusdoo...Not an argument about them keeping the warrants but couldn't the Gov't do similar to Citigroup and sell them off? If that were the case then they would exercise but sell off in parcels? Just curious your take
Really missed the board and the helpful info. Hoping to buy another large chunk Monday or Tuesday...
It isn't an absolute date...21 days AFTER the ruling
21 days after the mandamus ruling
Brownshark...he has already said he has
Thanks SoFOR...I can't believe these POS. Now we wait for mandamus case...and wait...and wait. This should have been done as they took it up quickly and it is pretty slam dunk. Oh Well...
YES...think he is setting it up to have a loss to offset capital gains??? Hmmm
So all, do you think we get a pop on the mandamus ruling? What other coming up issues can be a catalyst or is it now a waiting game for either courts or Trump/Mnuchin?
Donot...I may be wrong but believe the newer Texas case does
at work...please let us know what was said...Thanks Commander!!
we need some news to make this pop...anything on the mandamus case? Thought that should be soon...
nice info whipstick...i would edit it and say something about gaps...or turkeys...or how we are going to .001 or something so it stays. Just my opinion FWIW LOL
Anyone hear anything regarding the mandamus ruling and doc turn over? I expected it to happen quickly as they accepted the case so fast. I thought we would have heard prior to the 12/12 date for Sweeney.
Thank You ForLong!! I calculated quickly and added 08 which shouldn't have. This puts my mind at ease as there is a 2B overpayment. Very much appreciate the work you put in.
Patswill once we all sell at whatever our sell price is the there will be huge capital gain income thru us..the shareholders
But why is Lew in your opinion giving us 250B??? We took 116 paid 152.6 thru 3Q 2016 after 8 years..there is interest on this also if taken back to original deal(10%)in lieu of NWS. So why give us all our money back after 8 years and how do you sell that to the American people?
Jog49..First, to me, it depends on how this is sold to the public but you cant sell the idea that "the taxpayers bailed out the gse's to the tune of 188B and made NO money on the deal because we are giving the overpayment back". If they just revert back to a 10% dividend on the original deal (which I have already said probably wasn't needed but was initiated) then FNMA still owes money so I don't get where everyone thinks there is this pot of money? I am looking for answers so if you have them...please...
Thanks Patswill but from where??? The overpayment will need to be used to justify to the public that it was a win for the taxpayer...where is 250B coming from?
Sir or anyone please, although we have disagreed in the past I enjoy hearing your input as long as it has been civil. Question as you seem to be having a change of heart and per your admission have purchased common now. Everyone here gets up in arms regarding the overpayment and how it should be returned. I am long and in this to win but per my calcs if the original 10% interest payment on govt preferreds was used in lieu of NWS we still owe. I am not arguing whether this was needed but it is the original "deal". In your opinion, as that is all any of us has as we have no proof, what and why would they just void? Do you think Mnuchin and all will just take payment as given, write off the balance (34B per my calcs) to make this go away? If so, how do they recap? Do you feel that they dilute common or more preferreds? How will warrants play out? Thanks for your and everyone's comments!
reckusdoo...what do think will happen next week? Further decay? Also, since the landscape has changed...what is your guess on next catalyst and timeline? TIA
I know how you feel...I'm down almost 100K. Crazy ride up...had to come down some. This will get insane with a little positive court news or BO release. Once it gets released and relisted...another heart stopper. Hold on and good luck Wil!
So...upcoming: Sweeney decision on legal fee charges is 12/12? Could hear anytime on Appeal? When do we hear on the mandamus for Sweeney? BO/Watt could release before 1/20? I assume most smaller cases are waiting to hear from appeals so those are less likely...Am I missing other catalysts other than someone saying something as a spark again?
I use Ameritrade also..once you click on stock it shows 4.66. Also just showed .02 loss until you click stock...wierd
Rick, Congrats on the call yesterday. Seems you will be very close to your prediction...I thought we would be slightly green and Friday would lose unless court news but hey...what do I know LOL. What is your prediction?
A win is a win...congrats!! I believe this goes to 20-40...possably higher depending on what happens with warrants and recap. Good Luck to You!!!
From your lips to Gods ears! I was thinking that while driving today...what a week THAT would be... Good Luck Rick!!
Congrats P9W!! Great day for you as well!! Heres to many more...
Thanks! 401K acct will hold till divys. Majority acct will get crazy and probably have to get a couple here to talk me off the ledge when it hits 7-8 but at some point I will take enough to pay off my commercial bldg as that guarantees me an income. What about you?
Damn Commander!! Thanks again for all you do and have done!!
Wil...I had gone all in and in all honesty was STRESSED over the call. Today I made more than I EVER have! 207K between both accts!!! CRAZY DAY!!! Congrats to all who believed and hope it keeps going!!!
tend to agree...not sure but hopeful of the short term boost as everyone was assuming him anyway. NEED the courts to rule!
I feel that way too all to often...now I am just holding. I dont even want to flip because there are too many issues that could come out any day...Good Luck!!
In all probability it will eventually be 0.00 next to FNMA...I mean after the relist and symbol change. Thats what you meant right?!?
Laughed this weekend when after watching The Accountant with Ben Affleck Mnuchin's name came on screen as Producer.