Replies to post #816521 on Fannie Mae-No Politics (FNMA)

[JOoa0ky]

No JPS conversion and dividend resumption is the ideal scenario.
I'll take it.

[trunkmonk]

yup, she stayed in a narrow lane, regurgitating the same thing for ever it seems, creating a world that didnt really exist. Easy to do when nothing was happening other than failed Preferred court cases and laser focused losses in SCOTUS. Now that there is a market, is real activity, she is trying pretend she knows something about value. talk about free radical left thinking, turn the light on and show activity in a positive direction, they dont know how handle it and try to make up a new fantasy world out of a wall street world that knows better. 46 is what it should be, right here right now, in any uplist, before or after conserve end. Ive seen IPO double in a day, then settle back down over a long period of time, I can see that here, easily......so it could hit 3 digits for a glorious moment

[kthomp19]

If you have this understanding of market cap, you will be able to recognize that my approach is the right one.

Nope. What you defined is the current market cap, which is just the share price times the number of outstanding shares. That is nowhere even approaching $330B right now.

The $330B is a future estimated market cap, which is generally arrived at as earnings times a P/E multiple. The earnings attributable to common shareholders is different if there is a junior-to-common conversion compared to there not being one because of the presence or absence of junior pref dividends, which leads to the different market cap estimates depending on whether such a conversion happens or not.

We can go through this together at the weekend if you are interested.

I see that you completely ignored the part about UST being able to get more than 7.2B shares even if they only exercise the warrants. That is what refuted your calculation. Instead for some reason you focused on something that doesn't even prove me wrong. Strange.