Replies to post #431928 on Fannie Mae (FNMA)

[CatBirdSeat]

Anything under $96.31 is a bargain in light of FNMFO conversion price.

[bradford86]

for starters, i don't think that there is that much upside

and secondly, i would assume he's talking in a few years after full recapitalization

but who knows, it is certainly possible that after 9-10 years of stealing our money these shares trade at a normal market valuation or even a premium market valuation even though historically they've traded around 10x (which to me is discount to market)