Replies to post #816517 on Fannie Mae-No Politics (FNMA)

[stockanalyze]

your first post in 16 years. lol. go away.

[Stern is Bald]

Looks like some is mad they didn't buy cheaper and now trying bs... don't yiu agree?

[kthomp19]

more likely, they will convert both senior and junior into common, then the price will be way less than $4.44 per share, probably around $1, don't you agree?

I think that is certainly on the table. Every dollar that Treasury allows the legacy common to get is one dollar less in their pocket.

Even Ackman's own presentation has the commons going all the way to zero if the seniors are converted. It wouldn't take much tweaking to give them a couple bucks per share and avoid a total wipeout, thus making all the threatened lawsuits much harder to win.

If so, it's best to sell all right before they make the decision and when the market price is probably $10 per share

If you could time it right, sure.