Fannie Mae-No Politics (FNMA)

[yambike]

earnings vs revenue. who cares?

When you use PE of 40, mucho dinero either way.

I don't understand why he chose PE 40 though. If you are going to pick a number out of thin air, why not go full medieval like PE 956? Calculated share price looks mucho better.

nevermind the fact that FNMA historical PE was more like 10-12 before the crisis