Fannie Mae-No Politics (FNMA)

[kthomp19]

Don't forget the possibitility of competition, lowering market share, though with a utility model this should be unlikely because true utilities work best as highly regulated monopolies.

Estimating the junior prefs' upside is easy. It is anything but for the commons. Assuming that a release from conservatorship automatically means the same P/E ratio and profitability numbers from the past is a potentially grave mistake.