Replies to post #2954 on Fannie Mae Preferred S (FNMAS)

[jwnoble3]

FNMFO...400 shrs traded as well today. Buy Cost=$2.1M+

I have a few of these, wish I had more...GLTA

FYI - link to description, prospectus link is on this page as well:
http://www.quantumonline.com/search.cfm?tickersymbol=FNMFO&sopt=symbol

I like this securities holder redemption option if the gov't only sells thier warrants at a much later date (no splits to raise comm. share price). "The preferred shares are convertible any time at the holder's option into 1060.3329 common shares of Fannie Mae"

[skibrian]

it's cheap! 5cent on the dollar!