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capitalismforever

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capitalismforever

Re: FreeFNMA post# 407607

Tuesday, 05/02/2017 1:32:13 AM

Tuesday, May 02, 2017 1:32:13 AM

Post# of 796695
The document I supplied is from their 10-k.

why are you so optimistic on preferreds?



Because their true tangible equity is currently worth $37b. After an $18b impairment charges due to a 15% corporate tax rate change, there'll be $19b left over for the preferreds. That's called a sure bet in my world.
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