Fannie Mae (FNMA)

[capitalismforever]

This last nws is already priced in.

That's what you said pre-12% decline. The fact is, markets aren't efficient and nothing is ever priced in; it's a fairy tale.

$60 pps is a fairy tale. $8 at most. The company has thrown off roughly $84b in cash over the last 8 years. While doing so, their equity value has gone from $44b to $6b. 5.8b shares outstanding and needing at least an additional $60b for recap. $19b of Preferential value is before the commons. That makes the commons worth very very little. The math don't lie. If you're in commons, you'll be lucky to break even. And...I'd bet $1,000 with anyone here that Icahn sold his commons, and if he still held a position, it definitely wouldn't be in commons. Berkowitz didn't increase his holdings of preferreds to $1.2b for no reason at all. He and Paulson have 10x the skillset of all the other investors combined.

Don't think so, better recalculate your math. $20-30 at a MINIMUM...eventually $60 is very realistic

My math is fine. $34m in the bank guarantees that fact, bud. Goodluck. You'll need it.