No, seriously, what might the sharecount be? FNMA now at about 1.1 billion shares. So, anyone, what might the sharecount be after conversion of SPS to common?
If, after a conversion, the sharecount is say, 5 billion, but Fannie is then released, Uncle is going to do all he can do maintain and also increase the value of his holdings. With a historical median S&P price earnings ratio of 15, we could see shares in the mid-thirties at current earnings.
So anyone with a good knowledgeable idea of what a final sharecount might be, let’s hear from you.
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