Replies to Post #767807 onFannie Mae-No Politics (FNMA)

Replies to #767807 on Fannie Mae-No Politics (FNMA)

RickNagra

09/13/23 3:38 PM

#767808 RE: sortman #767807

No thanks.

DaJester

09/13/23 3:52 PM

#767811 RE: sortman #767807

Your math doesn't math well for me. You are saying the JPS holders should be granted 96.6% of the value of the company (33B/34.158B shares) prior to warrants being exercised? Why? The commons held the bulk of the value pre-conservatorship and to just wave a wand to redistribute the ratio doesn't sit well with anyone other than JPS holders.

And 22 P/E ratio? Where did that come from? Prior to conservatorship it hovered more around 12 if memory serves.

Good job on doing the calculations I guess. I just think your assumptions are way off. The only part of this I agree with is to cancel the SPS. :)

djboogie

09/13/23 4:01 PM

#767812 RE: sortman #767807

$1.44 per share !! Really, for all the people that had shares long before this train wreck started and have lived through this nightmare,and then you give the lion’s share to the new shareholders who have no skin in the game !! Please , whatever you are smoking must be strong !!

Robert from yahoo bd

09/13/23 4:30 PM

#767814 RE: sortman #767807

Janet and Sandra's response: YAAAAWNNNN!

How bout this guy, is he spearheading the instant recap?:

MM 26:10

https://www.pbs.org/newshour/politics/watch-live-white-house-holds-news-briefing-with-nscs-john-kirby-and-advisor-jared-bernstein

"If you're helping to bake the pie, you ought to be getting a fair shake."

EternalPatience

09/13/23 7:44 PM

#767838 RE: sortman #767807

Welcome back

Looks like the boss feels that the regulars are nonuse and have sent you back again..

Good try but not convincing enough though

jeddiemack

09/13/23 10:04 PM

#767849 RE: sortman #767807

Complete .....

Nuts....

First off Tim Howard really doesn't care about these companies or any of its shareholders.

Doing this would spur so many more lawsuits and another 10 years of discovery.... heck they can't even calculate interest ... (which btw should be at 10%)

The very best thing the government could do is void the warrants and return the capital taken above the redemption of the sps.

This would put Billions back on the company books.

Put the shares back on NYSE

Then... the share values recover value and they could announce a secondary offering at real value.

What does this accomplish... alot.

Then at fair value government get 20-40% income taxes state, local, federal and a boost to the economy.

Government also saves some face and it still gets to regulate.

....

Brooge warrants cancelled

09/14/23 7:17 AM

#767877 RE: sortman #767807

serious post?

HappyAlways

09/14/23 8:01 AM

#767887 RE: sortman #767807

Nice try. But once announced a plan to release the GSEs, Commons will be $10 in 5 seconds. So, $1 per share is not realistic. How about:

1. UST to buy out all Commons in the market at $10~$15. It should cost $20B~$30B.
2. UST to redeem all JPSs at face value. It should cost another $40B.
3. UST declare privatization of the GSEs.

PRO:
1. Quick fix and innovative.
2. Most lawsuits will become moot.
3. UST is free to re-IPO the GSEs in the market.
4. the GSEs can be released/reformed in whatever ways it sees fit.
5. UST can avoid the refund of NWS overpayments of $350B.

Donotunderstand

09/14/23 9:33 AM

#767897 RE: sortman #767807

so common is at 1.44 -- not acceptable and assumes a financial company at 22 X earnings --- . Now assume 11 x earnings and seems like a lot of work to stand still

and per your math - as the JPS is now common - where is the PPS of current JPS shares in your math ?

but - not going to happen