Sun, Dec 21, 2014, 12:02 AM EST - U.S. Markets closed

Recent

% | $
Quotes you view appear here for quick access.

Medical Marijuana, Inc. Message Board

chessmaster315 1399 posts  |  Last Activity: 18 minutes ago Member since: Mar 18, 2010
SortNewest  |  Oldest  |  Highest Rated Expand all messages
  • Contrary to myth's, the taxpayers have been fully repaid, says Senator Schumber:
    Fannie Mae and Freddie Mac have since fully repaid the taxpayers. U.S. Senator Charles E. Schumer
    Fannie Mae and Freddie Mac have since fully repaid the taxpayers. U.S. Senator Charles E. Schumer

    http://www.schumer.senate.gov/newsroom/press-releases/schumer-applauds-fhfa-director-mel-watt-for-ordering-the-capitalization-of-the-national-housing-trust-fund

    The NHTF was established in July 2008 as part of the Housing and Economic Recovery Act of 2008 (HERA). This law required that Fannie Mae and Freddie Mac pay 4.2 basis points of their annual volume of business to the two funds. The requirement that Fannie Mae and Freddie Mac contribute to the two funds was suspended when the companies were taken into conservatorship in September 2008 during the financial crisis.
    Fannie Mae and Freddie Mac have since fully repaid the taxpayers.

    Those are his words, his press release.

  • chessmaster315 chessmaster315 23 minutes ago Flag

    We are not interested in your spin. I have refuted it multiple times, and you are just gonna have to refute it yourself or stay short and learn the hard way, that 26 Institutions, including at least 3 billionaires, did their homework better than you and went long. This is what happens when you have ametuers trying to interpret 10Q's without looking at the entire picture, such as amendments, court documents, Professor Epstein, Ackman, Berkie, Ralph Nader, to name a few.

  • chessmaster315 chessmaster315 31 minutes ago Flag

    No. The "10q" does not trump the constitution of the USA. I can create a document that says the moon is made of green cheese, but the courts, especially the Supreme Court, interpretet the Constitution and will declare money "taken" by the government, over and about the amount borrowed, plus applicable interest, is a taking. Your version, is a taking, since it fails to acknowledge repayment. We already know the government cooked the books, probably to provide welfare for people like you.

  • chessmaster315 chessmaster315 35 minutes ago Flag

    No. The money was paid back and anything else is a taking. You are the basher liar.

  • chessmaster315 chessmaster315 36 minutes ago Flag

    Here is one legal document that proves the money received was a loan. "The Constitution of the United States of America", the 5th Amendment which is enclosed below:
    Amendment V

    No person shall be held to answer for a capital, or otherwise infamous crime, unless on a presentment or indictment of a grand jury, except in cases arising in the land or naval forces, or in the militia, when in actual service in time of war or public danger; nor shall any person be subject for the same offense to be twice put in jeopardy of life or limb; nor shall be compelled in any criminal case to be a witness against himself, nor be deprived of life, liberty, or property, without due process of law; nor shall private property be taken for public use, without just compensation.

  • chessmaster315 chessmaster315 4 hours ago Flag

    Santa is a "controversial charachter" compared to the whopper you bought into that our government is free to disregard the constitution's takings clause, which each politician swears to defend, under oath. Of course we still have crooked politiicans and gullable people who beleive them, but, in the end the good guys win. (shareholders). Crime does not pay, but self induced blindness costs YOU money.

  • chessmaster315 chessmaster315 4 hours ago Flag

    We read just fine. What you can not understand, for crazy reasons, is that you are posting questions on weekends as to why we are posting? Can you not understand we did not hold you down and inisist you read posts on weekends? If you want a day off..take it? You remind me of the "Kilroy" who wrote on the bathroom wall, "Why is everyone writing on bathroom wall's but me?"

  • chessmaster315 chessmaster315 4 hours ago Flag

    Can you go just one day without bashing and complaining? Its Chicken Little's like you spreading false maliciaous rumors in an attempt to steal fannie shares or because you are short.

  • chessmaster315 chessmaster315 5 hours ago Flag

    Yes...please answer the question...why are you posting on the weekend, complaining of others posting?

  • chessmaster315 chessmaster315 Dec 19, 2014 10:26 PM Flag

    I wasnt torn apart...you were "duped by a basher". How gullable you are!!! He sucked you into
    the belief that "his interpretation" was fact, when you should be reading investopedia.

  • Reply to

    More Basher spin exposed:

    by chessmaster315 Dec 19, 2014 10:14 PM
    chessmaster315 chessmaster315 Dec 19, 2014 10:23 PM Flag

    With this bashers "1,2,3,4" this makes it appear to be "facts" when its really just the basher's negative interpretation of enterprise value, fabricated with the goal in mind of stealing your shares, trying desperately to discount the fact that fannie is worth more in EV than the other (other than fannie/freddie) top 8 American companies combined. Its a very, very big deal and "Trillions of dollars in Enterprise value" should not be somehow spun into a negative.

  • chessmaster315 by chessmaster315 Dec 19, 2014 10:14 PM Flag

    Dont let bashers try to "negative spin" the enterprise value of fannie (3140 Billion or 3.14 Trillion) as trivial or even bad.
    Omaha Ben posted:
    What is Enterprise Value (EV)???

    " Enterprise value is calculated as market cap plus debt, minority interest and preferred shares, minus total cash and cash equivalents."

    From the above formula we can learn that:

    1. The larger the debt, the larger the EV is.
    2. The larger preferred shares are, the larger the EV is.
    3. The lower the cash and cash equivalent on hand is, the larger EV is.
    4. The larger the market cap, the larger the EV is (irrelevant to FNMA because its market cap is less than 3 Billion)
    ......end basher quote, begin Investopedia defination:
    Think of enterprise value as the theoretical takeover price. In the event of a buyout, an acquirer would have to take on the company's debt, but would pocket its cash. EV differs significantly from simple market capitalization in several ways, and many consider it to be a more accurate representation of a firm's value. The value of a firm's debt, for example, would need to be paid by the buyer when taking over a company, thus EV provides a much more accurate takeover valuation because it includes debt in its value calculation.
    chessmaster opinion. EV is "theoretical takeover price"...which is a more accurate representation of value "than simple market capitalization".

  • chessmaster315 chessmaster315 Dec 19, 2014 10:03 PM Flag

    Dont listen to this spin. Instead, read what Investopedia says about Enterprise value, as follows:
    Think of enterprise value as the theoretical takeover price. In the event of a buyout, an acquirer would have to take on the company's debt, but would pocket its cash. EV differs significantly from simple market capitalization in several ways, and many consider it to be a more accurate representation of a firm's value. The value of a firm's debt, for example, would need to be paid by the buyer when taking over a company, thus EV provides a much more accurate takeover valuation because it includes debt in its value calculation.

  • chessmaster315 chessmaster315 Dec 19, 2014 10:00 PM Flag

    Why wont you tell people the real reasons you hang out here and bash fannie?
    1. You are short.
    2. You are long and sold too soon wanting to buy back cheaper.
    3. Someone pays you to bash, for one of the reasons, above.

    Which are you, Omahaben? How much do you get paid when you spin stuff to sound negative that is a positive?

  • chessmaster315 chessmaster315 Dec 19, 2014 9:57 PM Flag

    More bashers, buying into the rumors, which have been refuted...see above. EV is a measure of value having nothing to do with Omahaben's spin.

  • chessmaster315 chessmaster315 Dec 19, 2014 8:10 PM Flag

    The only real reason to "hang around" after you sold is to bash the stock trying to incite panic, then buy it back cheaper and "trade" the stock. Yes, dominator's "stay cool"...calling almost everyone "morons" is immature. This is why most of the pros use the ignore key, and ignore the "stock picking letters" and also people pumping a non fannie/freddie/ stock here. Just ignore them and listen to the pros..you will figure out which is which.

  • Reply to

    GIVE THE DOMINATOR SOME CREDIT

    by farmboy717171 Dec 19, 2014 3:38 PM
    chessmaster315 chessmaster315 Dec 19, 2014 8:06 PM Flag

    You havent been around long enough, or you havent kept score for dominator long enough. Before dominator started keeping score this round, he had wrong guesses for about 35 out of the previous 4o preditions. So, if you combine these its about 39 correct and 55 wrong. He has not yet made it to 50%, what would theoretically happen if he tossed a coin. Dominator wants "mulligans" of his earlier posts and does not want you to count those, that is why he only counts the past 19 trades..instead of more accurately counting them all. He reminds me of the gambler who brags he made $5000, not "mentioning" that he lost $15000 in his quest to make $5000. He does that by only counting the most recent "wins" and not counting older losses.

  • Reply to

    I bet $13.57/s release from conservatorship.

    by bernie02 Dec 19, 2014 5:49 PM
    chessmaster315 chessmaster315 Dec 19, 2014 7:59 PM Flag

    Bernie...use caution taking advice from people who sold out and want to buy cheaper. Here is what happens. People "get lucky" and time their investments right..once or twice. Then, poof, they think they are an expert trader and can figure out where the market is headed. They are almost always disappointed. Its a logic error called "generalizing on too small a sample size".
    You pick up 3 rocks..they are round, so you conclude that all rocks are round. This is exactly what the "lucky" trader does (and so does the compulsive gambler). They get lucky and convice themselves they are a genius stock picker or can pick the "good slot machine". Only when you factor in years of experience in trading can you arrive at meaningful percentages. Oh, and this has been done, and Fairholme fund consistently beats the S and P 500 (many/most funds dont even beat the S and P 500!). Now, when you buy a fund you pay that fund manager a fee for management. Its not all that bad of an idea to buy fairholme fund, but you can buy the stocks he buys and probably beat it. Fairholme considers fannie a long term hold, and you should too.

  • Reply to

    I bet $13.57/s release from conservatorship.

    by bernie02 Dec 19, 2014 5:49 PM
    chessmaster315 chessmaster315 Dec 19, 2014 7:49 PM Flag

    At least two congress people have explained that taxpayers have already been paid back, so we need not pay mafia style 11.7 billion per year interest rates on money already repaid that you suggest. Yea..it is only worth 4 to 6 dollars if you think the government can continue collecting interest on money we paid back indefinately mafia interest style. Did you ever pay a home off? What would you do if the bank decided you still had to pay back more? As far as the junior preferreds, we simply pay them their dividends, which is not a whole lot considering there are not all that many preferred shares. However, the pie is large enough to pay common shareholders, the preferreds, and the rest of fannies bills. You are not understanding what a 3 trillion dollar company is...that fannie paid common divies, preferred divies before the cship...and now makes more money than it ever did before the cship. Last quarter fannie earned 3.9 billion and there werent DTA's or settlements in that, either. Prior to the cship, fannie paid about 1.60 per share annual common divie, which is a couple billion per year in divies. Now that fannie is earning enough per quarter to resume a divie that was paid per year, there is no reason why fannie should not be worth more than prior to the cship of "about" 60 per share, since the earnings are more than they were at 60 dollars. Just look at fannies earnings in about year 2006, and divies and you will get why its worth more now than it was then. Earnings drives the price of the stock, unfortunately, fannie's earnings have been negated by government confiscation. Once that is done, the earnings can again drive the stock price higher. In the past 12 months, fannie earned 5.27 per share (per yahoo finance). At a PE ratio of 10 this equates to a per share of 52.70 per share, and the 66 financial stocks are actually trading at an average of 15 P/E, so a P/E of 10 is conservative.

  • chessmaster315 chessmaster315 Dec 19, 2014 5:27 PM Flag

    Sure...count on the Constitutional "Takings" clause to not be upheld...and then watch your other stocks go to pot also. If the government can confiscate private funds at will, then what good are your other stocks or bank accounts, either?

MJNA.PK
0.160.00(0.00%)Oct 30 2:34 PMEDT

Trending Tickers

i
Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.
Under Armour, Inc.
NYSEFri, Dec 19, 2014 4:04 PM EST
ImmunoGen, Inc.
NASDAQFri, Dec 19, 2014 4:00 PM EST
3M Company
NYSEFri, Dec 19, 2014 4:04 PM EST