FNMA earns $12 billion annually. Based on eps they can easily trade at $160.
Note that I seldom make price predictions as I bought FNMA based on dividends they routinely paid prior to conservatorship. I hope that with his dog-eared copy Calabria returns FnF to the shareholders and pays proper restitution.
May I ask why you and Clark are so convinced that FNMA won't get to $160?
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