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FNMA and FMCC Will EACH Have $3 Billion

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CatBirdSeat   Thursday, 12/28/17 10:50:35 PM
Re: None
Post # of 41578 
FNMA and FMCC Will EACH Have $3 Billion Cash On December 31st.

Do the math on how much Fannie & Freddie are worth today based on $3B in cash with approximately 1200M and 600M shares outstanding.

I am thinking that not a lot of people are actually aware that they are worth minimum $5 share without even applying a PE multiple.

Industry average for mortgage companies currently at 22 PE.

DO THE MATH PEOPLE. SIMPLE!


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