Fannie Mae-No Politics (FNMA)

[JOoa0ky]

That depends on where your JPS starting point was... At the current price of JPS, its actually quite attractive IMO. You have a solid 10-12 years for 100% gain each year if they get released by the end of that time frame.

There is still a better than one for one conversion on jps to common, do you recommend that jps convert at least 10% to hedge against the possibility of a multi year litigation track, organic capital rebuild via retained earnings and any litigation recoveries, and a favorable resolution of the LP?