I followed it years ago, when it was clearly insolvent due to off-balance-sheet guarantees but hadn't crashed. I made some money on puts as it eased down from the 70s to 40, but unfortunately I missed the big crash.
At these prices it's basically an option play. Odds are that the share value will remain negative, but who knows how *long* the odds are? I can't figure that out.
(FRE was one of many stocks that couldn't be discussed rationally here before Prez and his crew finally decamped for the Fortress of Solitude. Munger had claimed before the credit crunch--in one of his typically careless asides--that Freddie had been "overly conservative" in its accounting. So a number of Hog Farmers immediately became highly bullish and screamed in rage at anyone who tried to throw them a life preserver of sanity before they sank. )
one of my "little flyers"..ave cost just under 2 / just holding on the basis that there are no other choices than to keep FMCC alive and to whatever extent..working. Some jumps on todays appointment that surely leaked earlier, see friday's action :-(