Fannie Mae Preferred S (FNMAS)

[feralcomprehension]

Yes, but not so attractive now as they were a month or so ago perhaps.

In my mind The Enterprises cannot be replaced, and they cannot be shuttered, so eventually these stubs will have real value.

I think the answer to your question to some degree depends on your timeline; IMO the prefs will hit RV before the commons really show their strength, so if you're on a shorter horizon prefs may be better. On the other hand, it's conceivable that the commons could be worth $20-$40/stub eventually, but they may need 10 (?) years or so to fully ripen.

I hold both, and I'm patient. My hope is that eventually I'll recoup more than my original investment annually from 'CKJ divs (till 2017, anyway ;) )