Fannie Mae-No Politics (FNMA)

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Recommendations story about FNM, FRE
FBR attributes the recent run-up in shares of Fannie Mae (FNM) and Freddie Mac (FRE) to speculation that a reverse stock split will take place, but points out that both companies' management teams are not in favor of such a move. FBR believes there is no fundamental value remaining in Fannie and Freddie, particularly since the government owns 80% of each company, and reiterates Underperform ratings on both stocks. :theflyonthewall.com