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Re: littlefish post# 8559

Wednesday, 05/29/2013 9:52:12 PM

Wednesday, May 29, 2013 9:52:12 PM

Post# of 10861
Littlefish - FNMA - Fannie preferred are effectively trading at a deep discount to the common .... of course they might both be worthless. There are many preferred series trading, mostly redeemable at $50, but some at $25.

Here's the list -

http://www.fanniemae.com/portal/about-us/investor-relations/stock-information.html

Here's an article on the subject -

http://www.thestreet.com/story/11876299/1/sell-fannie-and-freddie-common-buy-the-preferred.html

I have no position, but shorting the common and going long the preferred might be a good bet .... except there are no shares of FNMA available to short so it's strictly hypothetical.

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