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Re: JCRod2018 post# 659715

Wednesday, 01/13/2021 5:07:57 AM

Wednesday, January 13, 2021 5:07:57 AM

Post# of 798294
Problem with retained earnings is that in bad years there may be non... Bad years could reduce holdings or require them to borrow more they may never acquire enough as required amount is a percentage and the amount increases with every new mortgage... So that + $220 billion senior + warrants + significant dilution (if they try to leave in less than 15 or 20 years).. Value here 0... The big Goose egg