Fannie Mae-No Politics (FNMA)

[bradford86]

i said at least.

i figure 5-10, with a point estimate of like 6-8

if you do the math, you can look at the ratio of FNMAS:FNMA and assume FNMAS gets 25 to forecast the ipo price.

fnma is at 1.58
fnmas is at 6.05
fnmas par value is 25.

$25*6.05/1.58=$6.52 projected ipo price.

note that the projected ipo price over the last 12 months has dropped significantly.