News Focus
News Focus
icon url

CortesInvestments

05/26/13 11:59 AM

#38636 RE: Gratefullife #38573

I see this article in a positive way. Fannie has been bailed out like gm and aig. Both trading over $20. Fannie is a big profit making company trading under $5, way undervalued. The government will not wind them down, no way. The only thing might happen is to still keep Fannie under their control for profit but not for a long time, that's not necessarily bad news. It just means they will go private a little longer than expected. Fannie also has law suites I think with 18 banks? For the bad loans they gave Fannie. I don't see any bad news because in the end, they will return to private. When? is the only thing we all don't know. But look, hedge funds are buying in. If there was bad news, they wouldn't bother. All the stuff that is happening is good news to me. Even if it takes long to get out of the governments control, it's still undervalued and this should be trading atleast over $5. It's simple, the house market is recovering, Fannie is very profitable, Fannie is almost done paying the treasury, hedge funds are buying in, news casts are all over this, and it's very undervalued. I respect your opinion, this is just how I feel. I have a very good feeling they will go back to private. I don't know when but I KNOW they will. Plus, I'm only 18 and made my first 10 grand with Fannie (: it's the best stock to hold!!