Replies to post #777142 on Fannie Mae-No Politics (FNMA)

[Louie_Louie]

Exactly! There's many who would. Anyone who has bought and held at $5-$6 a share would gladly take $10. Now, what about those who own a 25 par bought at $20, $18, $15, $12? It all depends on where the majority cost basis lays. If there are 20% who are holding a high cost basis, they could be in for a world of hurt. Because the government can make an offer and do a vote. No one's going to feel sorry for those who are at a higher cost. That's why many on here are trying to convince commons into the JPS shares, drive the price up, so they can lower their cost basis. It's not a conversion that they keep pumping, but the fear of an actual offer below par.

[Louie_Louie]

Exactly! There's many who would. Anyone who has bought and held at $5-$6 a share would gladly take $10. Now, what about those who own a 25 par bought at $20, $18, $15, $12? It all depends on where the majority cost basis lays. If there are 20% who are holding a high cost basis, they could be in for a world of hurt. Because the government can make an offer and do a vote. No one's going to feel sorry for those who are at a higher cost. That's why many on here are trying to convince commons into the JPS shares, drive the price up, so they can lower their cost basis. It's not a conversion that they keep pumping, but the fear of an actual offer below par.

[Clark6290]

Most would take $10 per share, reason pps is so low is that nobody believes that big of a gift is in the cards. Investors bet on the future returns, right now "the house" is against us, if not pps would be significantly higher; way higher! Choo Choo