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Hacktheripper

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Hacktheripper

Re: illuminatii post# 762

Tuesday, 06/03/2014 10:19:14 PM

Tuesday, June 03, 2014 10:19:14 PM

Post# of 874
These guys were fighting against each other on many stocks. Now Ichan has joined Ackman in lawsuit against US Government regarding shareholders ownership and past dividend payments for FNMA. If they win (which I would not think Ichan would join a long time foe of his Ackman) they win BIG $$$ goes to shareholders. So with this announcement of 51M purchase, big money will follow big money IMHO.

http://www.fool.com/investing/general/2014/02/26/1-billionaire-tells-us-why-he-owns-nearly-10-of-fa.aspx

http://www.desertsun.com/story/money/industries/morrisbeschlosseconomics/2014/06/02/fannie-mae-and-freddie-macs-turnaround-success-reflects-tightened-mortgage-credit/9880211/

If they win FNMA will be a 23.00 - 47.00 stock overnight.

Google Fairholme Funds v. United States of America

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My posts are my opinion-I'm NOT a Financial Adviser-My posts are for entertainment purposes only-Anything I say, post, or do, should NOT be considered financial advice.

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