Fannie Mae-No Politics (FNMA)

[armstka]

Yes, I did that math as well, and that obviously would make the number substantially higher. But, all research I have seen suggests that quarterly earnings are used for Earnings Per Share, not annual, when doing these calculations to determine "value".

Perhaps the research I have done doesn't provide the full picture on this. Or perhaps its all based on the answer you are looking to get. Or perhaps I have much more to learn ;)