Forum: Financial Investment Forum. - This forum is for financial topics only. Please adhere to forum rules. Violators will be banned from this forum and possibly the entire site.

Thread: Fannie Mae & Freddie Mac - Your Ticket to Fortune (and possibly Fame)

Page 6 of 6 FirstFirst 123456
  1. #126  
    Stock Investing Guru
    Join Date
    Aug 2009
    Location
    Phoenix
    Posts
    1,666
    Quote Originally Posted by Diesel00 View Post
    yeah the commons seeing that I'm very new to this would be where I'm at. Not sure what preferred entails but I just bought 1000 share of fnma at $2.75
    I think you'll see $8-10 on the Common shares in the next 3-4 years, possibly much sooner.
    Reply With Quote  
     

  2. #127  
    Stock Investing Guru
    Join Date
    Aug 2009
    Location
    Phoenix
    Posts
    1,666
    Paulson, Blackstone Said to Back Plan for Freeing Fannie-Freddie -- https://www.bloomberg.com/news/artic...fannie-freddie
    Reply With Quote  
     

  3. #128  
    Stock Investing Guru
    Join Date
    Aug 2009
    Location
    Phoenix
    Posts
    1,666
    Here are the details on the Paulson/Blackstone proposal put out by Moelis. This projects Commons could be in the $9-13 range by 2018-2020. This has been near my projections as well. Long-term they could be significantly higher. My whole plan is to convert ~50% from Preferred to Common in this scenario. It's a really good read:

    https://www.dropbox.com/s/mhoquf811t...print.pdf?dl=0
    Reply With Quote  
     

  4. #129  
    Stock Investing Guru
    Join Date
    Aug 2009
    Location
    Phoenix
    Posts
    1,666
    From earlier today. Proposes what many others have suggested, that F&F never needed a bailout to begin with so why the heck are they still in Conservatorship sending the Treasury all of their profits?

    The Unsolved Case of Fannie Mae and Freddie Mac -- http://www.huffingtonpost.com/entry/...ushpmg00000004
    Reply With Quote  
     

  5. #130  
    Stock Investing Guru
    Join Date
    Aug 2009
    Location
    Phoenix
    Posts
    1,666
    Big Win on the Remand today. Blue skies from here:

    http://www.glenbradford.com/wp-conte...43-1684471.pdf


    Full opinion here:

    https://www.cadc.uscourts.gov/internet/opinions.nsf/82D64389A0983CF585258160006833BC/$file/14-5243-1684473.pdf


    "FHFA, like the FDIC before it, was given broad powers to enable it to respond in a perilous time in U.S. financial history. But with great power comes great responsibility. Here, those responsibilities and the authority FHFA received to address them were well-defined, and yet FHFA disregarded them. In so doing, FHFA abandoned the protection of the anti-injunction provision, and it should be required to defend against the Institutional and Class Plaintiffs’ claims."


    Now we get to argue our contract rights, which should be Par for Preferreds. Surprised prices didn't jump more today. I imagine we see big buying through the end of the week.
    Reply With Quote  
     

  6. #131  
    Stock Investing Guru
    Join Date
    Aug 2009
    Location
    Phoenix
    Posts
    1,666
    HUGE article from Gretchen. Some really damaging docs have been revealed. I believe we'll start to see the narrative switch in short-order following this information.

    U.S. Foresaw Better Return in Seizing Fannie and Freddie Profits -- https://www.nytimes.com/2017/07/23/b...y-lawsuit.html

    Docs here: https://www.nytimes.com/interactive/....html#document
    Reply With Quote  
     

  7. #132  
    Stock Investing Guru
    Join Date
    Aug 2009
    Location
    Phoenix
    Posts
    1,666
    Got some decent coverage on CNBC today. Announcers tried swinging the conversation towards F&F getting involved in Rental market; however, Josh and Dick pushed the Fraud discussion. This is great:

    http://www.cnbc.com/video/2017/07/24...dick-bove.html
    Reply With Quote  
     

  8. #133  
    Stock Investing Guru
    Join Date
    Aug 2009
    Location
    Phoenix
    Posts
    1,666
    More mainstream coverage today, this one from Rolling Stone:

    Newly Released Documents Show Government Misled Public on Fannie/Freddie Takeover -- http://www.rollingstone.com/politics...keover-w494007


    Josh Rosner is going to be on Closing Bell again today on CNBC. Hopefully they will give him a chance to discuss the accounting fraud and not how it affects the rental market.
    Reply With Quote  
     

  9. #134  
    Stock Investing Guru
    Join Date
    Aug 2009
    Location
    Phoenix
    Posts
    1,666
    This time CNBC allowed Rosner & Bove to discuss the fraud and theft a bit more:

    http://www.cnbc.com/video/2017/07/25...ls.html?play=1


    The truth is creeping out little by little. Get on the right side of the trade while there's still a few hundred % upside left.
    Reply With Quote  
     

  10. #135  
    Stock Investing Guru
    Join Date
    Aug 2009
    Location
    Phoenix
    Posts
    1,666
    New blog post from Tim Howard:

    https://howardonmortgagefinance.com/...-of-deception/


    Freddie Earnings: 8/1
    Fannie Earnings: 8/3


    Let's see if we can get Watt to implement a capital buffer this week or if the perpetual dividends continue as the GSEs march closer and closer to Zero Capital.
    Reply With Quote  
     

  11. #136  
    Stock Investing Guru
    Join Date
    Aug 2009
    Location
    Phoenix
    Posts
    1,666
    Big change in Freddie's 10Q wording:

    Based on our Net Worth Amount of $2.6 billion as of June 30, 2017 and the Capital Reserve Amount of $600 million in 2017, our dividend requirement to Treasury in September 2017 will be $2.0 billion. If the Conservator declares a senior preferred stock dividend equal to our dividend requirement and directs us to pay it before September 30, 2017, we would expect to pay a dividend of $2.0 billion by September 30, 2017.
    Reply With Quote  
     

  12. #137  
    Stock Investing Guru
    Join Date
    Aug 2009
    Location
    Phoenix
    Posts
    1,666
    Reply With Quote  
     

  13. #138  
    Stock Investing Guru
    Join Date
    Aug 2009
    Location
    Phoenix
    Posts
    1,666
    Hope you guys are ready for some fun. Preferreds are about to party
    Reply With Quote  
     

  14. #139  
    Stock Investing Guru
    Join Date
    Aug 2009
    Location
    Phoenix
    Posts
    1,666
    Prefs still cheap, Common could see $10+ over next 1-2 years. Enjoy the easy money and don't say I didn't tell ya so!

    This was the big tell since GOP generally hates F&F. Major tide shift:

    https://prod-cdn-static.gop.com/medi...nterprises.pdf
    Reply With Quote  
     

  15. #140  
    Stock Investing Guru
    Join Date
    Aug 2009
    Location
    Phoenix
    Posts
    1,666
    We're almost to the finish line guys. Nice pop today. Much more to come for the Prefs. Hang in there a bit longer. Should see at least 80% of Par imo.

    "Preferreds to be made whole or close to it"

    https://www.bloomberg.com/news/artic...ome-into-focus
    Reply With Quote  
     

  16. #141  
    Stock Investing Guru
    Join Date
    Aug 2009
    Location
    Phoenix
    Posts
    1,666
    More positive shareholder news. We're getting close!

    https://www.marketwatch.com/story/pr..._share_twitter
    Reply With Quote  
     

  17. #142  
    RX Senior Steiner69eR's Avatar
    Join Date
    Oct 2006
    Location
    Parts Unknown
    Posts
    1,771
    Kuwl: Which are your favorite Prefs, again?
    Reply With Quote  
     

  18. #143  
    Stock Investing Guru
    Join Date
    Aug 2009
    Location
    Phoenix
    Posts
    1,666
    Quote Originally Posted by Steiner69eR View Post
    Kuwl: Which are your favorite Prefs, again?
    Fannie: FNMFN, FNMAM, FNMAK and FNMAS (for liquidity)
    Freddie: FMCCT, FMCCP, FMCKJ (for liquidity and 5-year lock-up), and some of the more rare shares -- FREJO, FREJP, FREJN, and FREGP (these usually trade at a discount because they're less known)
    Reply With Quote  
     

Tags for this Thread

View Tag Cloud

Posting Permissions
  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •