Here`s yahoo`s numbers fnma has over 100 billion in cash with amarket cap of 16 billion and a enterprize value over a trillion
Most Recent Quarter (mrq): Sep 30, 2013
Profit Margin (ttm): 215.60%
Operating Margin (ttm): 93.51%
Return on Assets (ttm): 2.62%
Return on Equity (ttm): 1,213.12%
Revenue (ttm): 39.46B
Revenue Per Share (ttm): 6.85
Qtrly Revenue Growth (yoy): 273.60%
Gross Profit (ttm): N/A
EBITDA (ttm)6: N/A
Net Income Avl to Common (ttm): -304.00M
Diluted EPS (ttm): -0.06
Qtrly Earnings Growth (yoy): 379.80%
Total Cash (mrq): 105.96B
Total Cash Per Share (mrq): 18.46
Total Debt (mrq): 3.24T
Total Debt/Equity (mrq): 27,911.53
Current Ratio (mrq): 16.77
Book Value Per Share (mrq): -21.73
Cash Flow Statement
Operating Cash Flow (ttm): 16.24B
Just the pre holiday dump tobuy shares to sell just before thanksgiving
The common has a unlimited upside .preffered`s are not going to appreciate much over the 25 dollar coupon rate which is only 1.5 times current price. That is if the treasury leaves fnma alone .I would want to convert the preffered`s to common also who wouldn`t when fnma gets out of conservator ship . 50% fib is the number now 2.72 watch it !!
Jason Or Jack Web ,I personally do not know the names of the principle`s of interactive brokers hence the word they .try looking them since I do not know their name and learn something today.
"THEY" have Symbol: FNMA
Exchanges: OTCBB to short "FACT" something you "LACK"
Exchanges: OTCBB yesterday interactive brokers had 1.2 million available to short, their costomers covered 1.2 million yesterday
most brokers will not allow short ing on stocks below 5 dollars to lucrative for their in house traders. interactive brokers will let you short fnma as of now there is 1.5 million available to short .They do allow shorting under 5 bucks
the 50% retracement price just take recent high 5,44 and low think it was .11divide by 2 or 2.665 is the number fnma needs to pass and hold to go higher if it shows any weekness again it will revert to the 38.2 % which is 2.14
The U.S housing market, car and truck loans ,selling us bonds for deficit spending list goes on would destroy the economy if the gse are wound down.to do so would raise the cost of capital and be a direct threat to any deficit spending.
It is just a pipe dream to want to get rid of fnma might as well play Russian roulette with six bullets.
fnma are still selling bonds to finance housing ,they have not been told obama thinks they should be wound down ...what would barney frank and al sharpton think of that , they have not been debating obama on this issue think they know the answer Hahahhaha.
Sentiment: Strong Buy