Fannie Mae (FNMA)

[Embers]

Agreed- Commons Cancelled doesn't seem happy.

Or maybe he only wants people who invested as he did to be happy while those who did not to be miserable.

I assume Commons Cancelled is Glen, but I don't know for sure.

If it is Glen, then why should he not be satisfied with his own preferred? Right now it looks good for him to have is $4+ million. I suspect he bought in somewhere between 10% and 25% of Preferred PAR value. So that is 4-10 times his initial investment. Good for him.

Why the constant beat down on commons? Shots of realism from time to time are much different than the constant barrage of negativity. So he doesn't believe Ackman, Moelis, or others are right. Fine. If they are will it make him sad? $6 a share puts me at 4x my investment. $16 puts me at 10x. I don't see above $16 on the short term, but if things go really good it is possible. At $20 I could retire and I am not as young as Glen.

There is enough good for both preferred and common share holders. I am not suggesting crazy optimism, but realistic optimism for common shareholders is ok.

I don't think Preferred growth to par is guaranteed at this point either. There is still speculation until more good news is presented.