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sad to say that you are correct
20 million share volume is not low
most financial stocks have lower p/e
you got it
Fidelity won't allow that much over the current market price
screw with the MMs
and put common shares for sale at $5/share
I believe that screws with the short sellers
Fanniegate's been a 12 year train wreck
getting rid of Watt took forever
getting 1st court win way too long
appeals to court win
Calabria selected as FHFA director ... and not Otting
taking the bad with the good, but still a train wreck that has yet to be sorted out
maybe we're in the home stretch, but the market is stuck on $2 share price with, perhaps X3 appreciation after release?
blah
Tim Howard called the Cap Rule
similar to running a race through deep mud with ankle weights
unless the gov cancels the warrants it well be very difficult to find equity buyers in the Twins (my take)
my take is why would preferred share holders give a fig for conversion into common shares?
Just take the cash & forget about conversion if its like that
thanks for the clarification
lots needs to happen before that, however
key word: "new investors"
and how it applies to new preferred and new common investors
"new"
well/good but
the case involves preferred shares
so typical of past pattern(s)
Rosner's been good at blocking people
who do not toe his line
that's a fact
agreed, that's common sense
my hope is that it will be proved in court & that the corruption of the whole conservatorship unraveled
that's were Gretchen will come in
the "market" is simply following
FNMA chart 4-5 year chart historical pattern
imo this Jan. SCOTUS may hear the case to certify 5th circuit en banc; that decision will determine an new pattern the equity will take
lol, you have me thinking of that lately
hopefully by week's end
agreed
yes sir, thank you very much
WOW! Thank you very much, Obit!
Now, that sounds promising to me.
That would send the shares SOARING!
Obit: can't/couldn't Justice Sweeney file
an injunction against the Treasury to suspend the NWS?
If not, in what part of the process or at what, if any, level of jurisdiction could that occur?
I'd be satisfied with 75-80% of a settlement
in the interest of time value
strike that. this decision under seal was issued for fairholme case, nothing yet in Washington federal case.
Liked by 1 person
from Howard's blog
https://twitter.com/Alec_Mazo/status/1199416958724165632
and the response
we'll see before year's end; @USTreasury @FHFA have NO credibility in her courtroom @gmorgenson @VonnieQuinn @MariaBartiromo @MarkCalabria @CraigPhillipsDC @realDonaldTrump financial media MUTE coverage @USOCC J. Otting's leadership sorely missed/#GSEs ready since Jan. @POTUS https://t.co/jFRiSSlefX
— Gordon Zernich (@GordonZernich) November 26, 2019
agreed!
eh, before Christmas as predicted
nice
we'll see before year's end;
@USTreasury@FHFA have NO credibility in her courtroom
@gmorgenson @VonnieQuinn @MariaBartiromo @MarkCalabria
@CraigPhillipsDC @realDonaldTrump financial media MUTE coverage
@USOCC J. Otting's leadership sorely missed/#GSEs ready since Jan.
@POTUS Quote Tweet
Alec Mazo @Alec_Mazo Nov 26
Sweeney says: "I have a solid draft that I'm working on..."
Given her aversion to the Gov't position on NOT letting the GSEs repay their debts (Net Worth Sweep), I'd say there is a high probability of an adverse ruling for the Gov't. $fnma
3:14 PM · Nov 26, 2019·Twitter Web App
from Whaley:
Wash Fed #GSE class suit in Claims Court challenges the imposition of the conservatorship, not the net worth sweep
Takings claim is direct
Exaction is derivative
at what price will B Fisher/Washington Federal Bank settle?
he's on the clock like the rest of us
Forget Calabria
He's a spineless sponge who can't hold a candle to Otting
Otting said last Jan the Hoses were good to go
Craig Philips said as much as well
perhaps a bump when
Sweeney decides her court may hear the case ... also Judge Lamberth's ruling(s) may provide a tailwind
It can't hurt, that's for sure
we agree completely
Like him or not, Hank Paulson was confident & decisive; his Goldman past is a pedigree of note -- whether on likes it or not, he could be in-the-face ruthless to achieve a goal ... and more often than not he will achieve it
on the other hand, who is Calabria? a technocrat. educated by think tanks/Urban League, i.e the Swamp
he's an economist/never ran a real business or corporation; an he is in charge of recap & release of the Twins?
Calabria, unlike Paulson, is incapable of exercising any kind of power.
if Paulson were behind the recap & release it would have been done months ago; the man is strong, whether or not that strength is put to good use or bad, he has it and will use it.
Is this a ridiculous proposition?
ridiculous to consider @POTUS could have replaced
@FHFA director Watt w/o cause 4 years ago & find the 5th Circuit Court's approval for it & the #GSE recap/release process well underway, no?
Treasury counsel has lost leverage
POTUS wants GSEs released
Mnuchin has nothing but jawbone/bullshit
call his bluff
call his bluff
no settlement with Treasury until
the heads of some bad guys roll
some heads need to roll
FNMA institutional holders
Freddie Mac, Inst Holders, 3Q 2019 (FMCC)
BY Dow Jones & Company, Inc.
— 3:46 AM ET 10/20/2019
The following table shows the largest shareholders in FEDERAL HOME LOAN MORTGAGE CORP CO (FMCC) for the quarter ended September 30, 2019, listed by holding size. The list represents up to 50 of the largest holders in the company.
Note: Unless otherwise mentioned the reporting date is 09/30/2019
Institution Shares Shares % Last
Held Changed Held Report
Jet Capital Investors LP 1,475,000 1,475,000 0.227 06/30
Parkwood LLC 1,085,500 0 0.167 06/30
CapWealth Advisors LLC 184,200 0 0.028 06/30
RhumbLine Advisers LP 28,948 0 0.004 06/30
InterOcean Capital LLC 21,000 0 0.003 06/30
Carret Asset Management LLC 15,900 0 0.002 06/30
FNY Capital Management LP 15,000 15,000 0.002 06/30
Edge Wealth Management LLC 4,000 (1,000) 0.001 06/30
PanAgora Asset Management Inc 3,700 0 0.001 06/30
CapFinancial Partners LLC 1,320 0 0.000 06/30
Enterprise Bank & Trust (Misso 1,200 0 0.000 06/30
IFP Advisors Inc. 1,000 1,000 0.000 03/31
Winch Advisory Services LLC 609 0 0.000 06/30
Glenmede Investment Management 250 0 0.000 06/30
Fulton Breakefield Broenniman 0 (291,000) 0.000 09/30
Marietta Wealth Management LLC 0 (54,999) 0.000 06/30
Weaver Consulting Group LLC 0 (850) 0.000 06/30
13F data provided by: Factset Research Systems Inc.;
Please send questions to ownership@factset.com.
Copyright, Factset Research Systems, 2019. All Rights Reserved.
(END) Dow Jones Newswires
10-20-19 0346ET
a $7 limit order on some FNMA shares
for the next 24 hours ... that $7 is the max Fidelity will allow
ticked
PO'ed about double standard & anarchy
yeah I am ;.)
True, but much remains unknown
capital structure
SPSA cancellation
NWS ends
warrants
potential court cases
even constitutional structure of FHFA
however FNMA has a proven track record pre-2008
the best Fidelity can do for Fannie
is a limit order of $7.50/share when selling
I tried $50/share, but a no go
$7.50 is tops
I don't like watching it like a Hawk and get bumped out of additional upside
Plus a tax hit
as volatile as FNMA is, no telling how it spikes, especially when played by shorts or MM managers (?)
most here do no have access to foreign exchanges
NYC is the financial capital of the world