Fannie Mae-No Politics (FNMA)

[kthomp19]

Also anything under $100 within 24 months of priv doesn't account for the velocity of the upcoming environment FnF will be the main cog in.

What are your estimates of the three components of the future common share price? Those three are earnings, P/E multiple, and share count.

You seem to be projecting much higher earnings going forward, and a $100 share price would mean a rather low share count.

Without the two GSEs privatized, there is no housing market growth.

This can't be right as evidenced by the fact that FnF's balance sheets have risen very quickly in the last few years even while they were in conservatorship.