I am an old GLS owner and have allowed Div Reinvest to add to shares. Management here is putrid. But, I believe in the overall undervalued nature of the beast. At some point management will retire, die off or tire of its own antics and the stock will bubble back to life, meanwhile I add a few shares each quarter or so and eventually the $12 shares bought with the little divy will be worth $25.
I could see AER buying some stock from as the lockup expires directly from the company. They should have strong excess cash flow.
This is a stupid statement about the judge.
Aren't they suppose to care about the law no matter what?
I mean, if ya'll recall a couple years ago the Hurricane in New Orleans, Katrina they called it. Caused a lot of damage, people were going nuts, total chaos, lots of the world is ending paranoria going on. If you recall, their were some dude shot and killed on a bridge. And after all was said an done some dude went to jail for killing him.
It was, like just because the world is going to Heck in a handbasket don't mean you can forget the rules.
Similar to this situation, just because of panic and nutzo people doing crazy things can't suspend the laws to meet the "whim" of the other people.
So, no . I don't buy it.
Just let fannie and freddie go!
You don't understand do you.
The compensation the "government" gets from the GSE's is the ability to "manage policy through them"
This is the offset for their ability to borrow funds and buy loans that has historically offered access to the 30 year fixed rate rate loan.
Absent the government's meddling the GSE's would not be in this problem today; as they would have never underwritten the risk they bought into; because they were instructed to do so by FHFA to save the economy. Remember, the GSE's have always been "two of the most highly regulated businesses in the world" and see what it got us? What responsibility is the government taking for their poor decision making?
Since Ackman likes to include those bogus warrants the real target is $160 - $200. I'll take it.
Seems they - the government are wacking the gse's the upstream business partner instead of the root cause of the problem. Looks to me they have their attention squarely on the messenger instead of the message writer. classic.
You really think this is a "business plan". I was expecting some blockbuster "deal" after their ill advised secondary. Something that would have enhanced value for the dilution the brought. But, no. Just this drivel.
What a great strategy...
Do a secondary at $14 or so ... And then buy back shares at $12. Almost like trading in your own shares. Wonder if Colin would book a gain on them to pimp his P/L?
Just to create more underwriter / fees to impress his wall street pals.
So, under impressed by Miss Management here.
If 1 normalized Quarter of earnings for AER = $1.50 and 4 quarters would equal $6 then at a multiple of say 12 we'd perhaps have a $72 stock price.
If I am off 10% then a stock price of $64 or so.
Current price at $44 - v $64-$72 is around 50% potential move to the upside.
They are going to refile in another district with a judge that is not tainted.