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Tuesday, June 18, 2013 5:06:41 PM
Let people get educated.......mostly pumpers on the board trying to mis-inform you
Things they will say
1) Record Profit for Fannie Mae
However, they won't mention that profit does not get trickled down to the common share holder, currently Gov't takes majority of the profit, common share holders are left with little value. Agreed by major analysts.
2) Conservatorship was unconstitutional
However, they won't mention that it's purely speculation. AIG, and ObamaCare also filed the similar "unconstitutional" lawsuit against the Gov't, supreme court already upheld Obamacare, and AIG company isn't backing the lawsuit filed by it's former CEO.
Think about it, it if was unconstitutional, why are lawsuit only popping up once Fannie made profit, what happened during the last four year ?
3) Bashers are Shorting the stock
However, they won't mention an institute that lets you or I short this stock, just call your institute and you will know the truth.
4) Big Hedge Funds buying FNMA
However, they won't mention that Hedge Funds are buying "Preferred Stock", not common stock. There's a big difference between the two and common stock are junior shares and last in line for asset distribution. Buying preferred stock puts you in the same position as the government, while common stock are does not have any real value.
5) Fannie Mae getting Relisted soon
Purely Speculation, to get relisted on NYSE, Fannie needs to apply and provide financial statements, since Fannie Mae is currently under Gov't control, there is no plan, no talk of relisting this stock. In-fact, there are two bills out in the senate, one is to eliminate/wind down Fannie Mae, another is to merge Fannie and Freddie into another new company.
6) Fannie Mae is super cheap
However, they will not provide you with any real valuation calculation. They will refer back to the record profits but won't mention that majority of profit is going to the Gov't and not adding value to the company.
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