Fannie Mae-No Politics (FNMA)

[Fanatical Infidel]

That is 15x...more than a 10 bagger. The preferreds have lagged that by a mile.

I get that you don't like Glenn b/c he has a different opinion but at least try to be correct in your arguments...If you go back to the beginning of the conservatorship, you will see the price of commons and the $25 preferreds were very close in price. Hell, the largest chunk of my $50 preferreds were bought between .41 -.85 -They are now in the $20's. Do the math...FnF preferreds lead, not lag the commons.

Im betting the Ackmans, and the "real money boyz" know what they are doing buying the commons.

What you neglected to mention is Ackman also has enough FnF preferreds as a hedge to his common bet if it goes south. You are correct, St. Ackman is not stupid.

It is funny to watch the irrational backlash from the board due to one or two people having a different opinion on how things will turn out. The group think is strong here. But don't worry about what Glenn thinks...both the FnF commons and preferreds will do well with this administration