Fannie Mae Preferred S (FNMAS)

[rosen62]

Beta, congrats on your realized gains.

I am not qualified to opine on commons. Never owned them and really, have no opinion. I think the argument for owning preferred shares is substantially different than the arguments floating around for owning common shares. I do not view the commons in any light. I am simply not interested.

Syncora is interesting but, a) is way over my head and b) looks like they are in the middle of some Detroit-Puerto Rico upheaval.

I really can't say Syncora equals FF. FF were/are atypical bets and are atypical companies. Syncora is an insurer/re-insurer that went bust. There may be room for a bet though and the fact that some funds are looking to legally block the new debt restructuring law in PR may favor buying.

My only comment is this: if I were to take profits on my FF bets I would not know what to buy next. No idea! Whatever could be inflated from the 2008 debacle it already has been. What is left is such crap that seems to be inflatable-resistant :(