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Nothing the MMs do would surprise me anymore
What gaps need to be filled? 1.93 and what else?
Thanks for the information
Just loaded as much as I reasonably could
FNMA Lets get it
FNMA is like a spring. The furthur is pushed down the higher its gonna shoot back up
That's Ackman's diluted target... with full government warrants accounting for ~80% ownership.
Multiply by 5 for full release target of $100 to $250
More likely the criminal MMs start walking this down again
I don't have twitter, but that's hilarious. Well done!
Looking good. Gains should continue into next week
http://seekingalpha.com/article/2441125-synchrony-financial-soaring-as-investors-anticipate-buy-ratings
It's nice that its the WSJ posting the article tho. They normally post articles supporting the government
Two weeks later after the ruling, on July 30, transparency won another, if less official victory. An anonymous source, possibly from within the Treasury Department, leaked a confidential 52-page pitch document, via the Web, indicating that the department, more than a year prior to issuing the sweep rule, was shopping around the GSEs to likely corporate suitors. Dated June 13, 2011, the discussion materials bear the imprint of The Blackstone Group, a major equity fund/corporate turnaround consultant, and the Skadden law firm. Each is based in New York City and each has been positioned to make out well in the event of an asset fire sale.
The document summarized the financial state of Fannie Mae and Freddie Mac, concluding that there were investment opportunities galore. A chart on page 28, "Improving Fundamentals," indicated that net (pre-dividend) income for each corporation steadily had improved since the great plunge. Fannie Mae in 2008 and 2009 had lost a respective $58.7 billion and $72.0 billion, but managed to lose only $6.5 billion in First Quarter 2011. Freddie Mac in those dark years of 2008-09 had experienced a net loss of $50.1 billion and $21.6 billion, but actually registered a gain of $0.7 billion in First Quarter 2011.
Seems pretty damning. Does it say where we can see those leaked documents?
Another solid day on high (for this stock) volume.
We didn't close at the HOD but this is starting to look like a positive IPO.
Hopefully, we continue to spike upwards
The MMs actually let it close green. I'm shocked
Some good gains today on pretty much average volume. Hopefully we continue to move upwards
ATDF and NITE... Always big on the ask and bid at the same time
"Conservatorship
A conservatorship is the legal process (for entities that are not eligible for Bankruptcy court reorganization) in which a person or entity is appointed to establish control and oversight of a
company to put it in a sound and solvent condition. In a conservatorship, the powers of the company’s directors, officers, and shareholders are transferred to the designated conservator."
Even the FHFA thinks F&F should be released
Until Ukraine blew up "a significant portion" of the Russian convey. Then the whole market slid into the red
Is there and precedent for this?
To me, it seems that if previous shareholders, in good faith, sold their shares, they would forfeit any right to future earnings to the buyer as they also passed the risk of ownership along.
Just found this board after owning FNMA for 3 months after seeing Ackman's presentation.
I own ~850 shares at an effective value of $4.12, which I know is basically nothing, but I'm a recent graduate which minimal capital to invest and can only accumulate shares once I get my paychecks.
I got my Masters and Bachelors in Accounting so I'm pretty solid at reading financial statements and company valuations.
I'll do my best to help with the Due Diligence, but take anything I say with a grain of salt as I'm most definitely a novice.
Any investment advice from some of the more wiser, more experienced members would be greatly appreciated
Let's go Fannie and Freddie!