Fannie Mae-No Politics (FNMA)

[Commons_Cancelled]

1) This would be directed at the FNMA Fantasy Crew (the $20+ Commons and JPS get nothing for 5 years crowd)
2) Right, they either get roughly Par via Conversion or they get Redeemed. But we know they won't get Redeemed since the GSEs need to be raising capital, not spending it. The icing on the cake becomes Conversion to Commons near Par while Commons are around $2 or whatever their re-IPO price is. Then JPS become Commons and participate in all of the upside Commons have to offer. It's like winning 2-3 times instead of just one
3) I agree. Look at the tickers! The last 5 years are all anyone needs to see. FNMAS is up ~80% while FNMA is actually down ~15%. I'll share the charts below

FNMA:


FNMAS: