Fannie Mae Preferred S (FNMAS)

[feralcomprehension]

I think ACAS has some tricks up their sleeve.....

First, there are the Business Loan Trusts that should be completely wrapped up early next year. This will improve ACAS' access to funding.

Second, their leverage is miniscule- current debt to equity is .14. They've got a lot of room to lever up.

Third, they have Net Operating Losses that are projected to shield earnings from taxes for the next several years.

Fourth, ECAS is doubly-discounted. If/when the Euro markets finally stabilize we should see solid gains here.

Finally, I said, "...$30 sometime in 2015." Could be March, could be December. Pay your money, make your choice.