Fannie Mae | StockChase
59
Fannie Mae (FNMA-OTC)

Last Price Recorded: $1.3700 on 2016-03-09

ON STOCKCHASE SINCE Oct 2000

mortgages

Financial Services

Fannie Mae


Signal Opinion Expert

2014-01-08

COMMENT
Fannie Mae (FNMA-OTC)

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.

Financial Services
Benj Gallander

President, Contra the Heard Investment Letter

Price: $3.240
Owned: No

2013-07-02

DON'T BUY
Fannie Mae (FNMA-OTC)

They have been recapitalized.  There are long term issues with government support for them. 

Financial Services
Lorne Steinberg

President & Portfolio Manager, Lorne Steinberg Wealth Management Inc

Price: $1.680
Owned: Unknown

2013-06-28

COMMENT
Fannie Mae (FNMA-OTC)

Very interesting contrarian play. Government seems to like to destroy things that have worked for a long time. At a certain point in time, they don’t work as well but the question is, what are they going to replace them with. You have to steel yourself to deal with companies like this.

Financial Services
Benj Gallander

President, Contra the Heard Investment Letter

Price: $1.410
Owned: No

2009-11-16

SELL
Fannie Mae (FNMA-OTC)
Nobody knows what these things are really worth. It's like betting at the casino.
Financial Services
Norman Levine

Managing Director, Portfolio Management Corp

Price: $1.010
Owned: No

2009-09-14

DON'T BUY
Fannie Mae (FNMA-OTC)
Need another $10 billion from the US government. There is no equity in this. Pure speculation.
Financial Services
David Burrows

President & Chief Investment Strategist, Barometer Capital Management

Price: $1.660
Owned: No

2009-08-11

COMMENT
Fannie Mae (FNMA-OTC)
Fannie Mae (FNM-N) and Freddie Mac (FRE-N) could fade into obscurity but he doesn't think this will happen. US government will do whatever it takes to backstop them. Good for a short-term trade but wouldn't bank on it for the long-term.
Financial Services
Mike S. Newton, CIM FCSI

Director & Portfolio Manager, Scotia Wealth Management

Price: $1.070
Owned: Unknown

2009-08-07

WEAK BUY
Fannie Mae (FNMA-OTC)
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
Benj Gallander

President, Contra the Heard Investment Letter

Price: $0.660
Owned: No

2009-06-16

SELL
Fannie Mae (FNMA-OTC)
This is only for the faint of heart. If you own he would recommend you sell as a tax loss.
Financial Services
Charles Bobrinskoy

Director of Research, Ariel Mutual Funds

Price: $0.670
Owned: No

2008-12-09

WEAK BUY
Fannie Mae (FNMA-OTC)
They are contemplating a reverse stock split. Management says there is value there. A real possibility it could survive.
Financial Services
Alan Kral , CFA, CIC

Vice President, Trevor Stewart Burton & Jacobsen Inc.

Price: $0.790
Owned: No

2008-10-07

WAIT
Fannie Mae (FNMA-OTC)
We need to see the system a little more liquid before buying.
Financial Services
Don Reed

President and Chief Executive Officer, Franklin Templeton Investments

Price: $1.200
Owned: Unknown

2008-10-07

DON'T BUY
Fannie Mae (FNMA-OTC)
It could go to 0 and it is currently like a call option. It has theoretical value.
Financial Services
Charles Bobrinskoy

Director of Research, Ariel Mutual Funds

Price: $1.200
Owned: Unknown

2008-09-10

DON'T BUY
Fannie Mae (FNMA-OTC)
Preferred Shares: Don’t be tempted. Basically, the bailout took about 80% of the capital from them and put it into government hands. Doesn't think there was any provision for the protection of the preferred shareholders.
Financial Services
Gordon Reid

President, GoodReid Investment Counsel

Price: $0.740
Owned: No

2008-09-08

DON'T BUY
Fannie Mae (FNMA-OTC)
(Market Call Minute.) He was short this stock and covered it today at $1.30.
Financial Services
David Burrows

President & Chief Investment Strategist, Barometer Capital Management

Price: $0.730
Owned: No

2008-08-27

DON'T BUY
Fannie Mae (FNMA-OTC)
In most people's mind, the US government supports the debt of Fannie Mae (FNM-N) and Freddie Mac (FRE-N) so their debt is secure. The question is, what are they going to do with the stocks, and very importantly the preferred stocks. They are down about 50% and there is a lot of concern that they could get wiped out.
Financial Services
Charles Bobrinskoy

Director of Research, Ariel Mutual Funds

Price: $6.480
Owned: Unknown

2008-08-06

DON'T BUY
Fannie Mae (FNMA-OTC)
The model price is $4.26 using a March balance sheet. Not a private enterprise company but is actually government owned so doesn't follow the rules like everybody else. Has never issued a statement for the last 3 years.
Financial Services
Brian Acker, CA

Chief Executive Officer, President and Chief Inves, Acker Finley Inc.

Price: $11.600
Owned: No

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