Replies to post #624165 on Fannie Mae-No Politics (FNMA)

[RumplePigSkin]

Bove ... doesn't expect the junior preferred shares to be converted into common shares or full payment of par value on preferreds..

Dick Bove of Odeon Capital was a staunch supporter of the JPS position until July 2020. He now understands the futility of a JPS investment.

https://www.valuewalk.com/2020/07/fannie-mae-junior-preferred-shares

[Donotunderstand]

nope