And with FNMAS at 12.50, that is a sure double to $25. 8.25% dividend?
Are you kidding me?
GL all, and I have done very well on the common side. Thanks to Heisenberg, R2D2 and the new incarnations for keeping the lid on for so long!
Kinda funny - all the big boys want the same shares. Just sit on your hands, and watch the antics and zip ups, downs, but ultimate move north.
See Jim Cramer's paint the tape video. Oh, it's all about manipulation for cheap money... scary, huh? LOL
50k shares is nothing. Once we get to 10M shares the market will see the story of today.
It's all about giving the companies back to the shareholders and the heat is on.
LOL. Oh, and iggy.
I am sorry. Good luck on your next project.
When it got pushed to low 3.50s - but now and perhaps forever - as White Sox announcer says, "He's gone".... radio silence.
3.58 and lots of losses to be tallied.
Because, tomorrow, it might be $3.75 or $4.
How much you got riding on this, R2D2?
short squeeze - the only rational explanation.
I don't think this is going to turn out well for you.
More accurately, from the guarantee fee (G-fee) one pays when the mortgage is taken out.
Not a large, in place, income stream. An upfront revenue - better than on-going monthly fee, right?!
The g-fees have more than doubled since the start of the crisis. Their market share is 2x. Their revenue is therefore 4x 2008... albeit, this is based on how many new (or replaced) mortgages there are. Refinancing will be down in 2014. Still, there is no other game in town, and 4x means their "old" records of income per year are a thing of the past.
Go forward, their combined earnings will be $40B year after year - if not more.
Maybe 3 cents?
Those could and will be in-the-money.
Maybe that's how a shrewd hedge fund manager like him makes 30-1 on Fannie?
Note that Gfees have gone up 2x and market share is 2x since 2008. Do the math. That is 4x on their base-bread-and-butter.
Forget DTA, forget up and down loss reserves.
4x revenue means combined FnF revenue (and earnings) over $40B a year. Gold mine.
You can only be wrong so many times... at least get a new screen name, for cryin' out loud.
Matt Koppenheffer and David Hanson - sorry - you know who I meant.
Zacks says earnings "dismal". LOL You mean 2.4B socked away and $7B more is dismal? Oh, you want more DTA money... nope not coming... but you want a company with 2x the market share since 2008 and 2x the revenue from g-fees, as well? Look no further!
4x the on-going revenue stream and combined $40B a year from Fannie and Freddie.... like forever.
Who couldn't sleep at night with Fannie Mae in their portfolios, and alas, have a 401k worth $20k.
I dunno, I just drink a glass of warm milk, cuddle up with my teddy and I'm all good! You would think that would work for those two guys, aw well. Try it Ted and Matt!
Yep - Look for a lot more articles about net-positive and shining the light on the "profit-sweep", which is making the taxpayer boocoo money... oh, and the shareholders want a few bucks.... what the heck... maybe it is time to give them some?!
They never made it past half-court.
Now, time for Congress to turn back the reins.