Fannie Mae-No Politics (FNMA)

[robert peebles]

I have owned FNMA/FMCC since when they were 25 cents/share....they had a run to $5/share back in 2012 before the net worth sweep. I was fortunate to have sold in the $4 range back then.

No one ever could guess that they'd be stuck in conservatorship 10+ years, especially since the big banks getting TARP, AIG, were able to repay 1 year to 3 years later.

I manage money for a living, and it has been hard convincing clients that the wait will be worth the return.

New investors (money) will begin pouring in, speculating on the price appreciation. You'll see much more press on tv/newsprint/message boards driving the mania, forcing stock price much higher.

Most people who've owned wont buy more,,,,,but this is the perfect time to add to holdings before it jumps much more....The reason we bought it has finally come to pass.