Replies to post #61349 on Fannie Mae-No Politics (FNMA)

[~ Blue ~]

WARREN BUFFET invested $59.5 BILLION BACK IN 2000

HE WAS SHAREHOLDER OF FNMA AND FMCC, I WONDER IF HE IS LOADING AGAIN


Freddie Mac
First Shares Purchased: Undetermined

Date Sold: 2000 (the vast majority)

Amount Made: $2.5 Billion (Realized)

Percentage Gain: 850 percent (Realized)

At the end of 1999 Buffett had 59,559,300 shares of Freddie Mac with a cost basis of $294 million and a market value of $2.8 billion. Buffett sold nearly all of his Freddie Mac and Fannie Mae shares in 2000. It may have been his insight into the company that gave the investor premonitions that Freddie Mac and its sister, Fannie Mae, were doomed. Buffett’s earnings on the sale were realized gains of roughly $2.5 Billion, with about an 850 percent increase from purchase price.



Previous
Next

Buffett's Best Investment Picks
Coca-Cola (NYSE: KO)
American Express
Gillette/Procter & Gamble
Burlington Northern Santa Fe
BYD
Dow Chemical/Rohm & Haas (NYSE: DOW)
Washington Post (NYSE: WPO)
PetroChina (NYSE: PTR)
Moody’s (NYSE: MCO)
Freddie Mac
GEICO
Capital Cities/ABC and Disney (NYSE: DIS)
How States Handle Foodborne Illness
Buffett's Best Investment Picks
Coca-Cola (NYSE: KO)
American Express
Gillette/Procter & Gamble
Burlington Northern Santa Fe
BYD
Dow Chemical/Rohm & Haas (NYSE: DOW)
Washington Post (NYSE: WPO)
PetroChina (NYSE: PTR)
Moody’s (NYSE: MCO)
Freddie Mac
GEICO
Capital Cities/ABC and Disney (NYSE: DIS)
How States Handle Foodborne Illness



http://xfinity.comcast.net/slideshow/finance-buffetsbestinvestmentsever/freddie-mac/

[surfkast]

I will be loading more on Monday. Sweet move back up.

[UpTickMeA$AP]

Uncle Warren would be proud of your moves. Go FNMA! :-)

[detearing]

If he became the majority shareholder and it went back up to the highs, IMO, this would be his best stock pick of his life! He would easily be the riches man in the world!

I think he has been loading for a while...if he has enough shares, he will have to publicly announce his holdings and this will soar, just as BAC did...

WB has connections...people hear things, sees an expression on a face, at the entry level, that is all WB needs to get in...

WB knows the financials better than anyone, and probably has already done his DD...FNMA$$$