InvestorsHub Logo
Followers 13
Posts 2235
Boards Moderated 1
Alias Born 04/06/2019

Re: None

Monday, 04/22/2019 12:34:10 AM

Monday, April 22, 2019 12:34:10 AM

Post# of 796411
Fairholme Fund Annual Report Nov 30,2018

http://www.fairholmefundsinc.com/Reports/Funds2018Annual.pdf

Looks to be all FNMA and FMCC preferreds. Should not matter equity will likely outperform Prefs long term. Equity will do awesome - prefs will do great. No need to pick a side - just different parts of the capital structure but same companies and same legal issues. Prefs potential are capped and although equity may not get upside initially it will over time.