Fannie Mae is not earning $18.8 billion per quarter. The unknown is how many common shares will be outstanding when we finally get out of prison.
The calculated intrinsic value is based on property, plant and equipment but most importantly ‘Earnings Power’… So, the question is what’s the Intrinsic Value of Fannie and Freddie? After we know the estimated calculated value then we divide this value among each equity holder.
Mr. Bryndon Fisher gave us the calculation of the pay down of the liquidation preference no need of a third-party RE-IPO.
The companies are fully capitalized by the payment of the liquidation preference the Senior Preferred Stock should be canceled.
IN ADDITION TO THE ABOVE CALCULATED VALUE PAY THE SHAREHOLDERS FOR THE EARNINGS POWER OF THE BUSINESSES:
The Value calculation should start with the number $436.1 billion. This is the Intrinsic Value of both companies businesses including the JPS, the estimated value of Fannie and Freddie.
$402.9 billion earnings power plus $33.2 billion JPS = $436.1 billion.
Fannie Mae EARNINGS POWER OF THE BUSINESS $263 Billion Intrinsic Value
Freddie Mac EARNINGS POWER OF THE BUSINESS $139.9 Billion Intrinsic Value
Fannie Mae JPS $19.1 billion par value Freddie Mac JPS $14.1 billion par value
The amount of $402.9 billion is the calculated Intrinsic Value of the Earnings Power of both businesses combined using a Price to Earnings Ratio of 14.
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