Fillmoepro, what evidence do you have for that assertion?
Ackman is an outspoken person. He is not afraid of controversy or doing things in a contrarian manner. Historically, he sticks to his investment strategy, long, short or hedge, even though it turns out bad in the beginning or end and does not change positions midstream be it MBIA, HLF, JCP, GGP, etc.
Since Ackman filed the SC 13D and his statement there, he has said that GSE stock is worth 10 to 15 times what it is currently. He has said nothing about his investment in FNMA and FMCC, pro or con, over the past two days. He has been silent. But what does that silence indicate?
Silence. Maybe he will say something, maybe not.
That does not mean he is still in or he has sold out. It means that his position status after the drop is not known. And there are ways to know.
If Ackman sold out suddenly as you opine or if he is still invested, either position will come to light.
Until some effort is put into discovering the facts, unsubstantiated opinions and allegations can only hurt not help.
Hedge fund managers/owners by default serve their investors and protect their investments. They are not protecting individual GSE shareholders or any other FNMA and FMCC investor.
Berkowitz is doing just that and is focused on the preferred. His statements, plans, lawsuits, lobby, and other actions speak clearly.
Perry Capital is said to be greatly invested in the preferred along with others like Paulson and Co, and we have no substantial info on the extent of Perry Capital's investment in the common. Does anyone have those Perry Capital SEC recorded investment amounts? I have looked and could not find what they are yet. Perry has one of the best lawsuits and attorneys out there and that is a good thing for all.
How deeply invested is Bove with Rafferty Capital in FNMA and FMCC? Bove is an Equity Research Analyst for Rafferty who is a FNMA and FMCC Market Maker (RAFF). I do not see Bove's money invested though he may made a deep pocketed personal bet. He certainly has been pushing for the GSE stocks and his latest effort was much less constrained and conservative than his previous efforts.
How about Rafferty Capital's money? RAFF is a professional equity sales and trading company and beyond OTC market making what is their investment amount in FNMA and FMCC? We do not know and it is not for a want of looking.
However, it appears that Bove supports the GSE stock and even though we have no numbers or reasons why the effort is being made, it is accepted without further considerations by retail because it appears to support their stock positions.
Would it be fair and considerate to say that Bove is a pumper for RAFF since he and RAFF have been silent and mute on what their investments are or are not in FNMA and FMCC?
Is Rafferty Capital short on FNMA or FMCC? How would one know that?
Nader's position is clear. He is fighting for shareholders and is holding GSE stock. He is the shareholder advocate on the ground representing all retail.
In sum, we have Ackman's investment in detail since November 14, 2013. Even with the drop, Ackman's investment has earned at least couple of 100 hundred million. Has he sold out all to make a half a billion or more or is he still invested to reach that 10 to 15 times figure that he spoke about?
Is it better to wait and see what is a fact or to speculate without information?
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