Replies to post #6477 on Fannie Mae Preferred S (FNMAS)

[skibrian]

not positive, but I'm pretty sure, demarco has spoken of common and preferred stock having little or no value.

10-K aside, they have to say that.

I'll dig a bit tomorrow and see if I can find the "impuning" comments.

that said, you are correct on the rest...i see no case of equity holders being removed from a profitable company without just compensation...

[betahighlander]

JS stocks- timeline question.
This is one issue i cannot seem to get framed out never mind decide.
Redemption Value
Conversion to commons
Conversion to sr pfds at lower rate
Trading platform invested in and returning profits- stock,
How do the jrs play out here in the platform?
equity raise the redeems jr pfd
Sr paid off and jr divi paid.

other scenarios are out there. but the timeline for any of them is opaque at best.

However, should the talking heads start publishing Redemption Value and various timelines I think the PPS moves significantly higher

I think the board would benefit from even swag estimates for timelines on various scenarios