My sense is fair value is around $165 per share common. Anything north of $65 and I am done.
Babies.... eventually scream and cry really really really loud when you take their candy and people usually notice.
This is going to be fun once the fireworks starts.
Why? Thought "capital" requirements were suspended during conservatorship?... so why should the government have to give Freddie some of its money back?
I can't agree with this. Millett is asking questions... later when defendant's attorneys speak and are questioned... it appears millett may get it.
Amazing he hit it!
Conservator conserves... Receivers Liquidate.
Net worth sweep is NOT conserving it is liquidation.
Thus he makes our argument.
So, here is the 500Billion dollar question.
What are they "the government" going to do about it. They've been uncovered as deceitful and dishonest.
Are they going to admit the mistakes right the wrong or going to continue being derelicts and thieves?
What matters next is - what they gonna do!
Where / when will the next "hit" piece by carney show up?
The topic is going to be...
"it don't matter who said what and when... it matters that treas/fhfa are the gospel and did and can do whatever they want.... so suck it"
Seemingly, it 100% detracts from its value by flooding it with posts.
So odd for one poster to waste so much of their life on something they get 0 from.
Here is a thought - there is a management lead buy out at play. There are now 35M share outstanding of which management/closely held folk probably own 10-15%. Recently as of Dec 2015 they reported like $300M of cash on hand. Do the math.. a sale price at $15 a share on 30M shares to buy up means all they have to come up with is around $150M bucks. Could they be intentionally sinking the shares low enough so a "bidder" looks attractive; requires minimal funding and can nearly use the company's own cash to buyout shareholders. Now this isn't perfect - but why else would management be so awful except for doing it intentionally. Just a thought - and it could be wrong.
Unfortunately, since they won't issue you physical shares.... it won't be good enough for wallpaper. Thus your street named shares will become no more.
No. They'll issue shares = to the number tendered. 1 Line will be represented by 1 Lnco.
The stock will rise if BK is averted or oil rebounds.
Its really easy.
Lnco (shares) or units represent 1 unit of LINE each.
Thus if Line has 500M units outstanding and there are 200M units of Lnco - then Lnco owns 200M units of Line.