Replies to post #350583 on Fannie Mae-No Politics (FNMA)

[big-yank]

Very appropriate analogy. In Meritor, investors snapped up cheap distressed shares for around a buck and after a 20 year ordeal in the courts, got four bucks. What great news for Fannie Mae shareholders that bought at about the same entry price... YOU ONLY HAVE ANOTHER 12 YEARS TO WAIT TO GET YOUR 4 DOLLAR PAYDAY.

A dollar invested at a 10% rate of return would be worth $6.73 compounded, after the same 20 years.

But, hey, thanks for exploding the myth of the $379 share price. LOL.

JMHO.