Fannie Mae-No Politics (FNMA)

[Donotunderstand]

YUP
YUP
and imagine - as I do - a plan that gets F and F mostly free - but uses say 5 years of earnings with NO dividends for 5 years on common or JPS - to get the capital buffer needed

Using - a mortgage rate 7% - discount rate --- with no dividends for 5 years - the NPV (assume 25 on the 25 in year 6) is $16. That is the amount the PPS of JPS might rise to in the event some exit plans - that include no dividends for years. But then it should get to 25 on the 25 over the next 5-6 years. Personally - I would love an offer of 50 cents on the dollar (face value) of JPS in next 6 months from GOV and would gladly sell - done on JPS as I wait the common to rise