Fannie Mae Preferred S (FNMAS)

[skibrian]

ACAS will go to thirty by 2015

no doubt.

i would be there if it weren't for FMCKJ et. al. 6x+ from here....

I still have 30% of liquid assets (in Roth) in ACAS.

historical trading once dividends kick in is 1.3x book value (NAV)

NAV is, what? $17 today? buying back shares while exempt from dividends under IRS code till tax assets eaten up? we have a LONG way to run. not as long as freddie, hence my weighting.

$30 is easy