EARNINGS POWER OF THE BUSINESS
With the WARRANTS: Fannie Mae’s common stock outstanding 1,158,087,567 diluted by the warrants at 79.9 percent adds a total of 5,761,629,686 shares outstanding…
5,761,629,686 / $18.8 billion net = $3.06 per share of earnings,
PE Ratio of 14 x $3.06 = $42.84per share intrinsic value.
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