Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Google only has 274m shares Fannie has 1.2 billion shares. Big difference so earnings being equal it would put Fannie at $232 a share but of course Fannie is more profitable so it could be slightly higher. And then if the gov releases their share the float goes way up so the pps goes way down.
Maybe a dumb question but how do you get that black background on stockcharts.com? Makes it look cleaner.
Just talking about dividends. Yea if they were paying 3.00 a share dividend the pps would be around $300 or more I think.
I think Freddie will continue to be behind Fannie at these levels because Fannie is the bigger more profitable company so people will buy up those shares first. Once both are topped out @ whatever price Freddie should pull slightly ahead. Look at nflx it's only got a 58m float that's why it's so high.
Back in 2006 before the conservatorship they were both paying almost $.50 a share per quarter. With the money they are making now it would be about $3.00 a share. That would be sweet to get that.
I looked back at the dividends each paid year to year for the common stock and were identical. Freddie has a lower float so eventually the pps should be slightly higher.
"more evidence that fannie and freddie aren't going away" first paragraph. Good article written today. I need to buy more!
Looking good. Glad I bought more Freddie @ 1.03 last month. Just wish I really loaded up.
I heard Warren Buffet was going to be on some market channel, did he say anything about f and f?
The government was denied a stay by the court's over the perry lawsuit. Hopefully this lawsuit will nullify the sweepings clause and get this straightend out before too long.
I'm watching the trades on my phone I haven't seen a single sell on fnma for almost an hour. Kind of crazy.
Should be a good day! Thanks Crawford,JJ8, Obi, for posting useful dd. If i'm not mistaken I think Fannie has one more DTA to use? If so Fannie would be over net zero if she used it this earnings period. Everybody knows Freddie has one to use. Then both companies are set to start paying taxes again. The Government is set to make a pretty penny on both of these companies so its time for them to release f and f back to their rightful owners, us the shareholders!
Both companies have done a awesome job of keeping the economy going and following the rules of their conservator.
Go Fannie, go go Freddie.
Yep that's when the s is going to hit the fan from all angles on the government to get things passed and release them.
Just a thought that crosses my mind sometimes, I wonder if there is a chance a court rules in favor of the shareholders that these settlements should be paid to the shareholders who were in on a specific date like right now.
Sorry punctuation off because of my phone.
The regulators told f and f to settle all the bank lawsuits by the year's end maybe. Because they know there is a chance f and f could get released, and so the settlements don't drive the pps sky high. That 4 billion would be a huge dividend payment between $2 and $4 a share which would drive the pps somewhere around $300. Imo.
More sideways is good right? Isn't it building a stronger base around $1.50?
Good post!
I'd really be shocked if this is red at all for the next two days. With the news out yesterday I think it takes a couple days for good news to sink in. To many good things in the works for f and f for any real reversal. Coming soon, earnings, net zero, lawsuits and a higher pps. Shareholders own these companies they are just being protected from bank fraud right now by big daddy.
Welcome old buddy! I jumped over here last week. When they get released you'll be glad you pickup a few extra shares at no cost really.
After a couple flat days todays news from Bloomberg should make this a very green day. I'm betting on a close of 1.56.
Senator Harry Reid ( F AND F'S KNIGHT IN SHINING ARMOR) said they are planning to come up with a budget plan that Will be good until Feb. Could it be that he is planning on releasing them in Feb? By then the gov will be payed back and that would give f and f to settle most if not all of their lawsuits against the banks. By releasing them the gov would make a ton of dough from the taxes alone and if they used their warrants they'd make a lot more. Just a thought.
I'm pretty sure they are allowed to keep 3 billion per quarter as of right now. We are betting that the lawsuits will go forward if need be and win once net zero is accomplished. Corker, Fannie's ceo, and others have said that if they want to do anything major with f and f they are going to have to work fast. The more susuccessful f and f are the harder it will be to shut them down and they are making record profits and keeping the housing market alive. Long live Fannie & Freddie! !
True, and like that old ketchup commercial, good things come to those that wait.
One thing that worries me a little is that the government probably doesn't want to make a bunch of millionaires by releasing f and f. I still wouldn't be a millionare anyway until hits around $200 a share, I'm just a single dad of a beautiful daughter working for a living. I just wonder if somebody in the government reads posts on here about how people have hundreds of thousands of shares and they wouldn't want them them to get very rich. I hope that's not how it is, but it does cross my mind because I know the last thing the government wants is for someone to get rich it seems.
Good luck to you my friend.
If you look at fnmap there were 8 million shares sold at 9.10 and 9.15 in two blocks. Maybe it was the same person who bought fnmas and the common fnma? Just a thought.
Very nice observations and insight. Great post!
Nice. Key phrase there "by the end of 2013". These stocks should rock all the way to the end of the year in anticipation of the big release news. Of course there will be a few bad news days along the way. Just keep an eye on the big picture.
Freddie just hired a new ceo why would that guy sign up for a job that he would work himself out of? Obama said "reform f and f as we know them", they've been hiring people, both making record profits, it's been stated the new ccs will be owned by f and f, all lead me to believe that f and f are not going away!! In the terms of a conservatorship the lender can not receive a penny more than what was lent to the companies, and a profitable company can not be put into receivership, so with net zero approaching if the government doesn't release them and they try to say the money they received doesn't count it will go to court and the government won't have a peg to stand on. So government couldn't just come out and say they are releasing f and f without doing any changes because the American people who still don't know and think f and f were the problem would have a fit. That and the css will be good to prevent fraud from the banks. It's all coming to a head probably by the end of the year, and people in the know or just smart people who can think and research for themselves are buying in at these one in a lifetime prices. That's my one post for the day.
Going through one of my old posts I found an article from npr again that saus that the democrats will be releasing a bill to use the best parts of f and f and it suggests that f and f are going nowhere. Also in one of my old posts I predicted that a new company would be made to handle selling bonds to private investors to take some burden off of taxpayers. Looks like I was right and its playing out well. Just need the lawyers to stay true and protect us shareholders through all of this reform. Glad that they are working on getting this resolved because net zero is approaching fast.
Now that's news the board can use. Thank you. Things are coming together great imo.
I agree and the fhfa told F and F to settle those disputes and collect as much money as possible by the year's end. Somebody posted the link with that info before. That's my one post for the day.
Obviously the author doesn't know what he's talking about. Fnf are not going into receivership. He right that they would be downgraded if they were put into receivership but that's not happening. The government already has enough lawsuits on their hands about the takings clause and the government doesn't want fnfs debts on their records. Also fnf are hugely profitable now so that makes receivership illegal. I'm sure the fhfa knows about any downgrading of fnf and they wouldn't want them downgraded. The best way to upgrade them would be to set new lending guidelines for banks which they already have done and release f and f from conservatorship. By releasing them they would avoid an onslaught of lawsuits that are heading their way because of the approaching net zero.
Lots of talk about Twitter going ipo and raising 1 billion. Fannie and Freddie fart a billion dollars every day. Follow the money.
Can you do another video after Thursday's close? Thanks.
Amen. Good information. Seems like the courts don't want to postpone this any longer and they probably know that the shareholders have a very strong case if the government tries to extend it's conservatorship role past net zero.
I'm in ihub jail for hardly insulating someone. So be careful. That's my one post for the day. And keep up the positive info mrfence. I like your posts.
So without fnf a 30 year mortgage would have a very high interest rate maybe between 10 & 20%! That would send the mortgage market into the tanks and bring the economy way down and into another recession. Hope they come to the conclusion that keeping fnf are the best way forward.
Good post.