It's irresponsible to build up capital at such a slow rate. The final outcome here for the timeline to reach full capitalization may be on the order of 5 years. So, the target prices mentioned will be here far sooner than many many years out.
Seeking Alpha has been pushing for Amendment 3 being overturned with the promise of enormous investor gains since like the days of the horse and buggy. Just awhile ago it was $27 to $37 estimated for common shares. Now it is apparently a preference for preferred shares? The Hooded Falcon said that preferred shares could deliver value quickly to investors, but now Seeking Alpha's Bradford says dividends will only get restored if interest rates go way up? Yet he owns preferred shares?
Very confusing. Misleading, even? What's up with Seeking Alpha's inability to make up its mind on Fannie Mae & Freddie Mac?
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