Replies to post #835559 on Fannie Mae-No Politics (FNMA)

[EternalPatience]

For folks who bought at 2$ and even if it goes to 34 in 3 years, 17x is unbelievable. 

[TightCoil]

My cost basis
FNMA 42.8 cents
FMCC 28.02 cents
I'm waitin' for THE BIG ONE

[BREAKER098]

Bye, Felicia. Go figure…

[jog49]

Fannie and Freddie are the doormats on which people wipe their feet and never after notice. They should own the doormat factory!

[JSmith5]

Amelia - I think you have to look at FNMA from the standpoint of when it became less of a speculative investment and where it may go from here.

Once they announced that the GSEs would start to retain earnings - which began in September 2019 - this became less of a crapshoot. So I think your I would begin at your $2 - the price in the summer of 2019 - and go from there. To make 4.5 times in 6 years and have a reasonable chance in the next 2 years at 4 times again is not too shabby.

Although I am among the ST bashers - she was probably the right person for the job during those 4 years. A do as you are told director who was told to sit tight. The Biden administration would have easily turned the NWS back on and used it for other purposes. So, although it was a frustrating 4 years for us, we are now in a much better positioned for release. I am sure now that was not their intent (release) but it just worked out better for us.

Nats

[wdereb79]

Maybe so, but at least they have the potential. Imagine putting your money on prefs and only being able to get a certain amount back and that amount is less than countless other investments since you invested and then bragging about it to commons.

[stockanalyze]

"Tons of stock have gone up 10x in the last 5 years." bingo! mom and pop investors have been looted over 17 years with their retiremnet and education, some died without seeing a penny. that is where i get $3000 per share with growth of these companies, capital, css, crypto etc etc . waiting to see what they come up with as devil is in the details and no one knows at this point except that jr pfd will reach par and soon with sky as limit for commons.

[MoCubano]

Simple solution: Leave! And stop whining....again....