Opinions
Lou Holland
Freddie Mac
FMCC-OTC
TOP PICK
Sep 24, 2004
$64.590
Stock price when the opinion was issued
Financial Services
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WEAK BUY
Fannie Mae (FNM-N) and Freddie Mac (FRE-N) were mainstays of the US economy but are now penny stocks. Were touted as prime blue chips for years. If you want a high risk, this could be a place to do it. Feels the risk is far less than it was before because US government has not completely moved in. Tremendous upside over time.
Financial Services
COMMENT
Followed this for years and is on his watch list. In the last 2-3 years, the chart shows a period where it was at $0.30 where it stayed for a long time. Thinks there was a tremendous overreaction by the government because of a lot of problems. Through their history, they have really helped a lot of people buy houses.
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COMMENT
If you decide to buy at this point in time, you have to have a very strong stomach because you don’t know what the US government is going to do. There is always a danger that they may just get rid of it and potentially you lose all your money. Major, major dangers when you are dealing with legislators.
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(Top Sell) Starting to crumble. Freddie Mac started several months ago and Fannie Mae has just started. Don't think it's over.