Replies to post #388696 on Fannie Mae-No Politics (FNMA)

[Guido2]

You are using Q4 income. Try using annual income.

[jog49]

How about $20B (4 X $5B)/1.16 B shares?

Yearly profit, not quarterly profit

[trunkmonk]

$22/share, no splits, no dilution.

[TRUSTUNITS1000000]

CONGRATS

[MannSinger]

Annual net income = $12B -$2B (for preferred shareholders) = $10B

Case 1: # of shares after 80% dilution because of recap & junior preferred to common conversions (warrants invalided) =1.2Bx5= 6B

pps = ($10B/6B) x 17 = $28

Case 2: # of shares after 50% dilution because of recap & junior preferred to common conversions (warrants invalided) =1.2Bx2= 2.4B

pps = ($10B/2.4B) x 17 = $70