Fannie Mae-No Politics (FNMA)

[Donotunderstand]

written after I saw the response to you

I agree

the reference was to preferred stock at two PAR levels

author suggesting that the % increase from current to those values is beaten by the % increase he anticipates for common


I agree - the author dismisses the warrants with no explanation

To argue they are paid is a possible argument but one can better argue all the investment as held by the preferred stock has been paid back

The warrants are their own issue

all IMO