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Thank you
Anyone have quick input on what cases remain after this Roberts case result today?
Welcome back!!!
It was just posted on treasury site.
I am rooting for it Blue!!
Buy to cover short? Keeping price down to a cover profit.
Corner and friends may already know that...yet still retiring and not fighting it....possible reason too could be he’s waiting for a court case to tell them they need to stop so it’s easier to stop per se. Had we won Perry, as Tim Howard had mentionned before...things may have been different in the time line. I don’t think they can unilaterally call off a good deal for them with a bad reason...especially when winning in the courts.
It’s either that....or they like the money too...Trump has been extremely quiet about the GSEs in general since being elected and during the election...he has nothing on the matter...he will talk about everything else except for this subject...if I am wrong would be interest in hearing or listening to him speak specifically about GSEs.
Agreed!
I agree...even brought it up himself without being asked about it per se. Determined to restructure. Can they be restructured without reform? As in...no draw end of this month?
Vote will happen before Jones is sworn in.
Thank you Navy!
Guess anything is better than a $30m market cap....anything to bring good attention this way is helpful
Yes but he brought Amgen deal and increased stock price 100%! Thanks for the article.
Agreed
Yes...still curious as to why he closed the fund down. I think it was more related to Sears than anything else.
Nonsense...the hedge fund was only $400m in size. He gave back shares to investors. Up to them if they keep or sell. His public mutual funds owns the bulk of the GSEs positions.
Ok thanks
Is it real? I read it...big wow if true...link looks authentic...DNC and RNC racing to see who releases first...looks like they want to make money of this thing..
Bull flag on 15min chart?
Did you really have to sell/cover all those shares? Most likely negotiated as stock held up well and was a single trade. Or could be a short cover from recent highs, nice $300k profit in a few days.
Claytrader will have some shares since people always ask him about FNMA every time it runs 6-10 cents
Lol take one for the team!
Understood, so assumption is that warrant ownership and value stays with govt, company issues additional shares on top of this to recapitalize itself basically. If warrants are used to recapitalize the GSEs then $ could change. Not quite sure if govt will give it up but guess at this rate we won't know. I would assume govt will want to own a piece of the companies or retain a portion of senior preferred stock for guarantee. A lot of moving parts here but overall positive shifts so far.
Do they really have 5.8b shares out? Doesn't this assume warrant dilution count? Outstanding share count everywhere I look is 1.158b shares. Was just checking..thanks
Happy Easter!!
Yup one of their biggest and oldest holdings
Berkshire is largest shareholder at 9.59% or 479.7m shares before his sale today. He will still be largest shareholder. Yes about $26B
They changed goal to stay under 10% now vs to go 10 and over
He will have 470 million shares or 9% of Wells Fargo. Still largest shareholder
Possibly more than 1 big buyer to stay under 5% so no need to immediately disclose. Was hoping to see something today but nothing released.
Full dilution yes...assuming they keep everything, they cover pspa themselves. Need to figure out any overpayments, settlements if any. That final figure could change dynamics fairly quickly. Basically it's either $0.00, $18 or $85 and almost everything in between lol
Sure I'll take that too!
Assuming full release no conservatorship, free of PSPA debt, proper exchange, at 8-10 PE, current float, recent earnings, between $85-$95 per share on a fair market value.
Agreed. Money talks. Just hoping for a fair and just resolution.
Yes I agree...just providing an assumption of what PE could look like under normalized conditions.
I think this yahoo PE assumes NWS as it implies price per share is high compared to earnings. If they were allowed to keep money(earnings) then a more realistic PE of 10-20 is target. Anything is possible of course just like Amzn or any tech company. I am not sure the market would apply a high growth tech type multiple to the GSEs. I am not assuming anything extra to this. Just applying basic fundamentals to compare. At this point it's anyone's best assessment.
Possibly, a lot of moving variables. Bove has his recent target at $15-$25 diluted and he's a good bank analyst. Ackman is $25-$42. All depends on mortgage market health and what they earn of course.
I think 10-12 PE is more appropriate much like other insurance companies. If we apply SIFI average PE like banks the. It's 14-16. I think a range between $30-$60 fully diluted at current earnings levels.
Yup, well timed
Thank you Sir!