Fannie Mae Preferred S (FNMAS)

[europegoodold]

Our aces these days:

-Fannie's earnings for Q4/2012 imminent
-Strong earnings for Q1/2013 to be released in May (delinquencies moving down fast, still good new business)
-Court of Appeals confirmed the law of 1933 to be held against the banks
-Settlement talk with the banks
-New securitization platform is an asset for F&F (until it might be sold for pennies to Wall St.)

One of these points, or them all togehter, should lift us above 10c/$...