Fannie Mae-No Politics (FNMA)

[Penny_God]

FNMA could be valued at $56.00 (even-with-government-control)

Profits:
Q4 2012 = $7,570,000,000
Q1 2013 = $8,100,000,000


Q2 2013 = $9,000,000,000*estimate
Q3 2013 = $9,500,000,000*estimate


4Q Total: $34,170,000,000*

Divided by Shares outstanding 1,160,000,000

Multiplied by (average) 9.5 PE ratio

FNMA Valuation: $280.00


Divided by 5 (government owned 79.9% of commons) = $56.00 per share

Cheers,
vt.

Courtesy of VETERANTRADER