Fannie Mae-No Politics (FNMA)

[Possum336]

They probably already have a good paper profit considering how long they have had it and they expect the GSE's to be money mints for years to come unless we see another 2008. After the new public listing they will likely shed some of their common position for new opportunities. I am sure that some of the preferred holders will sell their stakes and reinvest in commons but for right now the preferred have a more certain path recovery. It does not sound as exciting but a $50 preferred can still appreciate more than 150% to par and there may be some back dividend possibilities and it could happen overnight.