Let's see....purchasing 42k shares of MTG back in AUG 2012 at just under a dollar and it's just above $7 right now...hitting a high of about $11.50 in past 52 weeks. I'd say that's pretty darn good. Things take time to play out....YEARS in the case of FNMA. I'm good, thank you :-)
I'll need you to refer to a dictionary as you don't know what debt is. Sometimes you just can't explain to an individual such as yourself how it's possible for inherent value to be disconnected from current MARKET price. FNMA isn't my only trick ;-)
I sure do. You gotta see the bigger picture which most don't. The investing thesis for FNMA and FMCC has only gotten stronger over the past two years. I could care less if you or anyone else doesn't see it. Ignore the crowd.
It's not due to poor fundamentals. It's due to interest rate hedging that has always fluctuated and existed with FMCC FNMA....remember that big DTA that happened just after the sweep in 2012. How do you think they accrue such large DTAs? Interest rate hedging. All is well fear monger!