Replies to post #686847 on Fannie Mae-No Politics (FNMA)

[051368]

I 110% agree that it could have been worse up to this point as I only own commons.

The BIG question is... will it drop further or have we pretty much hit bottom????

I haven't dumped any shares and don't want to but would like to see some sort of light in this Rollercoaster tunnel

What do you honestly see happening from here?

Thank you for your thoughts and honest opinion

[tutt1126]

Im sure glad I did not own FNMAS. BUT DICK BOVE , HE OWNS PREFERRED. IT SEEMED LIKE HE GOT HIS OWN PUNISHMENT FOR HIS ACTION ON 6/23/2021.
The preferreds worth "multiples" of the commons makes zero sense anyway, given that the commons were worth more than the preferreds before cship.

[Brooge warrants cancelled]

https://www.brookings.edu/research/government-sponsored-enterprises-at-the-crossroads/

[HappyAlways]

I am converting some Commons into Preferred. FNMAM has a face-value of $50 and is now trading at $3.25. If the GSEs do not die, some days they will be released (in 10 years ?). I have been waiting for 12 years and hoping that I will see $20 for Commons in 2021. Yet, I cease that hope.

SCOTUS and the Administration are a crap to me. They do not respect private property at all. They openly voice out that they are using 2 private companies to serve public interest. But, I doubt that they really represent public interest.

Devil is in the details. I think they are using the opportunity to change hands some yet-to-be valuable GSE investments.

You should take a look at Post #686840 of 955. It tells it all.