Don't forget to consider everything that's happened to the GSEs over the last 10+ years, plus what's still happening to them now (even after we had a favorable Treasury Secretary and FHFA Director).
We'll have to wait and see if anything changes even if SCOTUS rules in favor of shareholders.
If Calabria is removable at-will and SCOTUS gives FHFA/Treasury even a slight nod, we're all about to be taken to the woodshed by Biden's Blackrock crew.
A favorable ruling doesn't expedite a path to release either.
If the Lemmings' Irrational Exuberance takes FNMA to $3.20+, I plan to sell and use those profits to add to my JPS position.
Lamberth next year solidifies the value of JPS.
The future value of Commons still remains elusive and likely blown out of proportion by most oberservers thinking FNMA will see anything above $8 (pre Reverse Split).
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