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What is next indeed. It would be great if Harry were a better communicator to shareholders than the last ownership team.
People do not invest in an empty shell without some idea as to how to fill it. I guess Harry will let us know at his leisure. He must know there are shareholders eagerly awaiting his next move. Maybe he will see fit to clue us in sooner rather than later.
One thing I am confused about is the float. How many shares actually exist in this company? How many does Harry now own? Are there any requirements at this level to communicate with shareholders? Annual meeting requirements?
Have a great Thursday, people!
Agreed, but not many buyers today either. It will be interesting once we learn of Harry's plans. Go Harry!
I've got to believe there are at least a few long, long time holders of this stock who feel the same way, that ownership of this stock was dead money so let it ride now. It's nice to see a very healthy % increase today. Let's hope the new guy has a solid plan and we could see pennies this year. It's good to have some interesting possibilities after years of neglect.
Back at ya Proph! Let's make some $$$. Go new guy!!!
Read back over the past 40 posts. This is NOT an empty shell any longer. Anyone buying at this point is looking for a payoff from the new guy who literally just bought this thing.
I've been holding this for years waiting for just this type of event to occur.
If it weren't for a couple of buddies on this board, I would not have known about this current purchase. It's nice to see the share price rising slowly but surely. My personal opinion is that once people see the potential the new owner brings, this stock can continue to climb.
I like the idea of selling at $.11. Wouldn't that be nice!?!??
Was the news regarding this stock really this bad? The companies are here to stay?!?!? What am I missing?!?!?
So sad, this stock price is just so sad. Companies are going to be around a long, long time. If someone had said they would retain $3 billion in capital in January six months ago, this thing would be headed north. There are so few optimists left.
Opened even today. Should be an interesting couple of weeks ahead prior to sweep payment (or not).
Not a good start, down $.03.
Not a stellar start to the day at -$.03. Would love to see a good week!!!
$2.84-85 has been kryptonite for this stock for the past few months. Every time it approached that number the price backs off. It will be interesting to see if yesterday's rally continues and if that plateau can be broken.
Slapped down at the bell.
Quite a wall at $2.84 for FNMA. Lots of resistance at this level. Getting closer to $3 though!
Rough start to the day, down $.07.
I find it disgusting that these senators show up for their five minutes of questioning, then leave. Sure, their time is valuable. But it is rude and offensive.
Corker is a major ass. He is totally against us.
Many meetings on housing reform - it's a priority of mine. We are determined to change the way things are. We need proper housing finance in this country.
Homeownership and homebuilding is a big part of this economy and we need liquidity in the market. We can't put the taxpayers at risk. Bailouts are not good. We will be working on it in the second half of the year. Working with Ben Carson but the major focus is on Fannie and Freddie.
We must have housing liquidity and safety.
Watching Munchkin on Maria Bartiromo.
Good one, Rick. One of my favorites.
At the end of my shift at BK I sweep the entire restaurant. As I sweep fries, nuggets, and burgers off the floor I am always reminded of the net worth SWEEP. It makes me mad as I sweep.
This article was a fascinating read. As a Fannie shareholder, you should read this and be furious. I find it unconscionable that a logical thinking judge doesn't follow the thread and incorporate this into their thinking when ruling on our issues.
Up $.04, not a bad start...
Nada from Mnuchin on Fannie...
Pretty dry speaker, this Mnuchin. Playing things awfully close to the vest.
Just a comment, FNMA profits could just about pay for military spending increase. Trump isn't planning on using that money, is he!?!??!
The inevitable morning spike and drop. Already down to $3.02 from the high.
Starting up $.06. Good start for us!
I read this brief article - and many others - and wonder how these two private companies can still be in conservatorship.
Picking up a Head of Steam: Congressional Interest in GSE Reform ?
Doesn't the board of directors have a responsibility to shareholders to fight for them? When is the lawsuit going to be filed against the current leadership of FNMA for not fighting for the owners?!?!?
So much for smart investors coming in at the bell. $2.77 and declining last I looked. This is not pleasant!
Winner! Now, like voting Pedro in Napoleon Dynamite, make all of our dreams come true!
Like watching a basketball game, hope my team hits a couple of three pointers!
I thought the same thing. Why wouldn't they do the other guys before Sessions?
Call it a day at $4.40. It proved impossible to get over that wall at $4.50 today and we slipped back. New try on Mnuchin day tomorrow!
He is correct in a way he did not envision - it never will hit $3 again! That ship has sailed!
Quite a roadblock at $4.50...
Hit $4.34 but bounced back down. Sure is fun! See if we can head back up again...
Weird trading day. This thing just does not want to go up and hold on to go gains, despite the confirmation hearing and the court news. I suspect there must be some doubt in people's minds that Mnuchin is not going to be confirmed. Once he is, there is little doubt the whole FNMA situation will be resolved.
$4.40 HOD so far...
Our board is kinda quiet today considering the activity in the stock...
Volume is not super high. I really wonder, who is looking at the potential of this stock and selling right now!?!??!
Down slightly at the open. Hope we end up green!!!
$4 printed in early trading. Big wall there, though. Onward and upward!