Replies to post #609714 on Fannie Mae-No Politics (FNMA)

[whitecorona]

u asking a clown - you will get clown answer

[Commons_Cancelled]

Sr. Preferred cram down puts $FNMA around $0.50. But the overreaction would likely send it even lower

Let's hope the Treasury just keeps the 79.9% Warrants and doesn't get greedy and Convert the SPS instead :-(

[JosephS]

2 bits. I don't think that it is the likely scenario.

The likely scenario is that the capital rule gives the common less dilution risk and more potential upside.

I am still in the 6-8 range but it could quickly be the 3-5 range if value stocks are still out of favor like the last 12 yrs.

Not a recco