Fannie Mae Preferred S (FNMAS)

[skibrian]

riddle me this: preferred has to come to full value before commons even worth one cent. in 2011 and now, commons soar while preferreds have a nice run. will not the goose be cooked when preferreds run to par (RV) and THEN commons follow on the heels?

that gives me pause...if the news were really so outstanding, and not just high frequency trading, but real investor money, preferreds would have to be going to 50, 60 cents on the dollar

without preferreds made 100% whole, commons are worthless....