FHFA guy and others saying use retained earnings for 5 years and then the big move
That idea of waiting 5 years is good for common if it cuts dilution say in 1/2 or even less dilution . I can wait for 20 bucks a share in 5 years v 15 bucks a share in 3 or whatever
If street thinks today message from pro and con and various - is delay that hurt us
but then ----- AND THIS IS FROM ONE WHO WAS 50-50 DOLLAR VALUE JPS AND COMMON --- if the story of the day is delay but husband all cash with a NWS death ????????????????????????????????????
that is a ton and a ton and half worse for preferred as their top is 25 be it in one year or three or five or seven
but for common - IF - IF - IF - IF --- the reason for drop is delay and IF IF IF IF the delay MASSIVELY cuts share dilution from say 12B Fannie shares to say 4B fannnie shares as less capital is raised with new issues --- we get say 2-3X more final outcome price for a bit more waiting --- why is that even bad one bit (other than time introduces chances for bad shist)
lets see how the day settles out I will not sell JPS but not add I did add trading shares of common