Fannie Mae Preferred S (FNMAS)

[rosen62]

My view only... Nothing drastic like 8/17 has happened. But nothing was said regarding the chances of a redemption/dividends resumption either. So buyers and sellers will meet in the middle.

Given yesterday's hearing I can't see too much downside from here.

In general, there is a change of heart going on at Washington and in the media and GSEs supporters are starting to come out. But that doesn't mean shareholders are out to party. We still are looked down at and the preferred shares are as fickle as ever. Although a door is opening for 'selling a FF stake', 'an IPO of their new platform', 'government getting paid back', 'not throwing 150 bill invested down the toilette' there is still too much talk of winding them down that can push the weak to sell.