Replies to post #482751 on Fannie Mae-No Politics (FNMA)

[stockprofitter]

Preferred shares --->...on a train bound for nowhere

I remember this was Investors Unite motivational song.

Now it has become truth.

Ya gotta know when to fold em.

Follow the money. ( Bruce Berkowitz )

[stockprofitter]

FMCCT must test $0.0001 on the 5 yr chart.

This is one of those useless 20 year old Preferred Shares that does nothing but hinder the advancement of Freddie Mac moving forward. There is no point in keeping this series of Preferred around.

Will it ever see Par?
NO

Will it ever pay a dividend?
NO

And for that matter ALL CURRENT PREFERRED shares will never see Par and will never receive another patent in dividends.

No point in owning them.

Follow the money.

Respectfully,
Bruce Berkotwitz[/b]