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[jaybird249]

AGM $3 was $30 in Augsut. Bought back on Friday. This is the most important piece of DD on AGM: 0 Exposure to Sub Prime.
AGM was $30 recently, annualized EPS in $3 range. AGM has 0 Sub Prime or Alt A exposure, no reason for it to have fallen to these levels after capital infusion put its regulatory capital back to required levels:
Farmer Mac maintains cash and liquidity investments in cash equivalents (including commercial paper and other short-term money market instruments) and liquid investment securities that can be drawn upon for liquidity needs. As of June 30, 2008, Farmer Mac’s portfolio of non-program investments consisted of: $712.4 million of cash and cash equivalents; $686.1 million of securities issued or guaranteed by GSEs or the U.S. Government and its agencies; $9.9 million of commercial paper; $142.1 million of commercial bank certificates of deposit; $307.3 million of asset-backed securities (principally backed by Government guaranteed student loans); and $537.1 million of corporate debt securities, including financial institutions. Farmer Mac did not hold any investments in securities backed by sub-prime or Alt-A residential or commercial mortgages or home-equity loans.