Fannie Mae-No Politics (FNMA)

[jeddiemack]

You say " ability to predict"... companies... large ones.. issue guidance all the time.

For example today I went to the Home Depot Shareholders Meeting. Frank Blake stated that HD will likely hit $4.48 (i think) 2015 eps...

Now... how do they give guidance like that... and fannie / freddie can't predict Green or Red? ... really?

Not a chance...

Predicting profits for them was easy considering all the one time items had been taken and the reserves were so bloated as to make it laughable.

So there was nothing left..


Plus. the core business was always profitable.

But, what do big companies really know... after all apparently no one issues "forward" guidance and that usually comes pretty darn close.