Replies to post #772213 on Fannie Mae-No Politics (FNMA)

[bradford86]

In my view on an intrinsic basis the common are underwater in this restructuring. If they could be worth less than zero i would say they are. That said, common shares are limited liability so the lowest they can go is $0. And lastly, they wont get $0 exactly because this is not a receivership workout. So you end up with a situation where they are uninvestible in my view

Sickens me to hold any of them.