False. Okay, we can do asset side balance, shareholders equity, whatever you want. But I think you're just trying to be a hot shot on a message board when I'm just providing info to say that I wouldn't worry about dilution at all given the nature of this company. What do I know though? 😁 enjoy your tribalism.
Enterprise Value= Market Capitalization + Market Value of Debt – Cash and Equivalents
That's also just the simple formula. And you did get that terminology wrong (the exact terms are not the same as your generalized equation). So be careful who you accuse of being stupid. Just being helpful. But go ahead think shares are gonna be 0.05-0.10 I don't care.
Fannie and Freddie's situation the Enterprise Value is somewhat unique and the amounts are in trillion’s of dollars. Company debt is not always bad debt; there is good debt and bad debt. Fannie and Freddie's debt is backed by ‘REAL PROPERTY’ collateralized. Unlike, maybe a credit card company, no security of debt nothing tangible to back the debt. So, I view the two companies debt as somewhat ‘Negligible’... focusing on the earnings power.