Fannie Mae

FNMA-OTC

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This company is not ACTIVE.

Analysis and Opinions about FNMA-OTC

Signal
Opinion
Expert
COMMENT
COMMENT
January 8, 2014

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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Fannie Mae (FNMA-OTC)
January 8, 2014

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.

DON'T BUY
DON'T BUY
July 2, 2013

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

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

COMMENT
COMMENT
June 28, 2013

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.

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Fannie Mae (FNMA-OTC)
June 28, 2013

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.

SELL
SELL
November 16, 2009
Nobody knows what these things are really worth. It's like betting at the casino.
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Fannie Mae (FNMA-OTC)
November 16, 2009
Nobody knows what these things are really worth. It's like betting at the casino.
DON'T BUY
DON'T BUY
September 14, 2009
Need another $10 billion from the US government. There is no equity in this. Pure speculation.
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Fannie Mae (FNMA-OTC)
September 14, 2009
Need another $10 billion from the US government. There is no equity in this. Pure speculation.
COMMENT
COMMENT
August 11, 2009
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.
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Fannie Mae (FNMA-OTC)
August 11, 2009
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.
WEAK BUY
WEAK BUY
August 7, 2009
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.
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Fannie Mae (FNMA-OTC)
August 7, 2009
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.
SELL
SELL
June 16, 2009
This is only for the faint of heart. If you own he would recommend you sell as a tax loss.
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Fannie Mae (FNMA-OTC)
June 16, 2009
This is only for the faint of heart. If you own he would recommend you sell as a tax loss.
WEAK BUY
WEAK BUY
December 9, 2008
They are contemplating a reverse stock split. Management says there is value there. A real possibility it could survive.
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Fannie Mae (FNMA-OTC)
December 9, 2008
They are contemplating a reverse stock split. Management says there is value there. A real possibility it could survive.
WAIT
WAIT
October 7, 2008
We need to see the system a little more liquid before buying.
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Fannie Mae (FNMA-OTC)
October 7, 2008
We need to see the system a little more liquid before buying.
DON'T BUY
DON'T BUY
October 7, 2008
It could go to 0 and it is currently like a call option. It has theoretical value.
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Fannie Mae (FNMA-OTC)
October 7, 2008
It could go to 0 and it is currently like a call option. It has theoretical value.
DON'T BUY
DON'T BUY
September 10, 2008
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.
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Fannie Mae (FNMA-OTC)
September 10, 2008
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.
DON'T BUY
DON'T BUY
September 8, 2008
(Market Call Minute.) He was short this stock and covered it today at $1.30.
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Fannie Mae (FNMA-OTC)
September 8, 2008
(Market Call Minute.) He was short this stock and covered it today at $1.30.
DON'T BUY
DON'T BUY
August 27, 2008
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.
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Fannie Mae (FNMA-OTC)
August 27, 2008
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.
DON'T BUY
DON'T BUY
August 6, 2008
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.
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Fannie Mae (FNMA-OTC)
August 6, 2008
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.
DON'T BUY
DON'T BUY
July 28, 2008
In a desperate situation. Feds are going to make sure it doesn’t go under. Could still drop another 50%-70%. Anticipate they will need another $25 billion. If things get worse, this number could skyrocket.
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Fannie Mae (FNMA-OTC)
July 28, 2008
In a desperate situation. Feds are going to make sure it doesn’t go under. Could still drop another 50%-70%. Anticipate they will need another $25 billion. If things get worse, this number could skyrocket.
DON'T BUY
DON'T BUY
July 11, 2008
Has been short this one for a few months. In a capital structure of a company, you have debt holders and equity holders. Ultimately, equity holders are the last ones on the totem pole. When the equity is getting eroded as quickly as it is, it can disappear very quickly.
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Fannie Mae (FNMA-OTC)
July 11, 2008
Has been short this one for a few months. In a capital structure of a company, you have debt holders and equity holders. Ultimately, equity holders are the last ones on the totem pole. When the equity is getting eroded as quickly as it is, it can disappear very quickly.
BUY
BUY
April 7, 2008
Government backstops the loans for Freddie Mac (FRE-N) and Fannie Mae (FNM-N). The Government has asked for their help and have given them leeway to issue larger mortgages, which will allow them to grow their portfolios. The stocks are severely undervalued.
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Fannie Mae (FNMA-OTC)
April 7, 2008
Government backstops the loans for Freddie Mac (FRE-N) and Fannie Mae (FNM-N). The Government has asked for their help and have given them leeway to issue larger mortgages, which will allow them to grow their portfolios. The stocks are severely undervalued.
BUY
BUY
November 30, 2007
Both Freddie Mac (FRE-N) and Fannie Mae (FNM-N) are outstanding franchises. Down about 60% and he is attracted to this area. Feels the government would back them if there were problems.
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Fannie Mae (FNMA-OTC)
November 30, 2007
Both Freddie Mac (FRE-N) and Fannie Mae (FNM-N) are outstanding franchises. Down about 60% and he is attracted to this area. Feels the government would back them if there were problems.
DON'T BUY
DON'T BUY
December 22, 2004
Will potentially have to restate $9 billion of earnings. CEO, CFO and auditor have been removed. Stock moved up on the news. It will take quite a while. There will be big pressures in Congress to change the special status because they are really trading off the back of the US government in borrowing which the private sector can't do.
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Fannie Mae (FNMA-OTC)
December 22, 2004
Will potentially have to restate $9 billion of earnings. CEO, CFO and auditor have been removed. Stock moved up on the news. It will take quite a while. There will be big pressures in Congress to change the special status because they are really trading off the back of the US government in borrowing which the private sector can't do.
DON'T BUY
DON'T BUY
December 8, 2004
The big red flag is that the auditors are not going to sign off on the financial statements. With rising interest rates, the spread narrows. This stock will continue to get hit.
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Fannie Mae (FNMA-OTC)
December 8, 2004
The big red flag is that the auditors are not going to sign off on the financial statements. With rising interest rates, the spread narrows. This stock will continue to get hit.
TOP PICK
TOP PICK
October 29, 2004
Should do well if Kerry wins the election.
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Fannie Mae (FNMA-OTC)
October 29, 2004
Should do well if Kerry wins the election.
TOP PICK
TOP PICK
October 22, 2004
Top Short Has quasi government backing, but raises money like crazy in the foreign markets. Has some serious major accounting issues.
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Fannie Mae (FNMA-OTC)
October 22, 2004
Top Short Has quasi government backing, but raises money like crazy in the foreign markets. Has some serious major accounting issues.
PAST TOP PICK
PAST TOP PICK
October 18, 2004
(A Top Pick June 30/04. Down 3.5%.) Sold off in Sept when the news hit about misgovernance.
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Fannie Mae (FNMA-OTC)
October 18, 2004
(A Top Pick June 30/04. Down 3.5%.) Sold off in Sept when the news hit about misgovernance.
TOP PICK
TOP PICK
September 24, 2004

(Top Sell) Starting to crumble. Freddie Mac started several months ago and Fannie Mae has just started. Don't think it's over.

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Fannie Mae (FNMA-OTC)
September 24, 2004

(Top Sell) Starting to crumble. Freddie Mac started several months ago and Fannie Mae has just started. Don't think it's over.

BUY
BUY
September 13, 2004
Has some issues on accounting. Stock has bounced up nicely. Quality of their mortgage book is pretty good. Rising interest rates could be a factor if they go to fast.
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Fannie Mae (FNMA-OTC)
September 13, 2004
Has some issues on accounting. Stock has bounced up nicely. Quality of their mortgage book is pretty good. Rising interest rates could be a factor if they go to fast.
TOP PICK
TOP PICK
August 11, 2004
Trades at a big discount because of their fears in the market.
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Fannie Mae (FNMA-OTC)
August 11, 2004
Trades at a big discount because of their fears in the market.
TOP PICK
TOP PICK
June 30, 2004
One of the best companies in the US. It decades long track record of earnings growth. Has paid out steadily rising dividends. Higher interest rates (flatter yield curve) will be good for them. 3% dividend.
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Fannie Mae (FNMA-OTC)
June 30, 2004
One of the best companies in the US. It decades long track record of earnings growth. Has paid out steadily rising dividends. Higher interest rates (flatter yield curve) will be good for them. 3% dividend.
BUY
BUY
May 20, 2004
Has been having some problems. The other problem is that just about everyone in the US that needs a mortgage, has one. With rates going up, they'll probably be less creation of new mortgages. Cheap.
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Has been having some problems. The other problem is that just about everyone in the US that needs a mortgage, has one. With rates going up, they'll probably be less creation of new mortgages. Cheap.
BUY
BUY
May 11, 2004
Earnings continue to increase but is being hit hard. Outlook is fairly good.
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Earnings continue to increase but is being hit hard. Outlook is fairly good.
DON'T BUY
DON'T BUY
Would avoid this stock.
TOP PICK
TOP PICK
April 30, 2004
A pure value buy. 9 X trailing PE and 3% yield is intriguing. Headline risk is not as important as were the numbers and up ultimately.
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Fannie Mae (FNMA-OTC)
April 30, 2004
A pure value buy. 9 X trailing PE and 3% yield is intriguing. Headline risk is not as important as were the numbers and up ultimately.
BUY
BUY
April 28, 2004
Thinks the bottom is around $65.50. Wall Street journal says regulators are going to get really tough with this company. There's a lot of value there which will be unlocked. When this happens.
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Fannie Mae (FNMA-OTC)
April 28, 2004
Thinks the bottom is around $65.50. Wall Street journal says regulators are going to get really tough with this company. There's a lot of value there which will be unlocked. When this happens.
DON'T BUY
DON'T BUY
April 21, 2004
A very, very scary stock. There is a lack of disclosure on their part.
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Fannie Mae (FNMA-OTC)
April 21, 2004
A very, very scary stock. There is a lack of disclosure on their part.
PAST TOP PICK
PAST TOP PICK
April 16, 2004
(A top pick Jan 30/04. Down 6%.) Has been hit by interest-rate fears. Lots of value in it. We'll be substantially higher a year from now.
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Fannie Mae (FNMA-OTC)
April 16, 2004
(A top pick Jan 30/04. Down 6%.) Has been hit by interest-rate fears. Lots of value in it. We'll be substantially higher a year from now.
PAST TOP PICK
PAST TOP PICK
April 15, 2004
(A past top pick Feb 18/04 on the debate with John Embry. Down 8%.)
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Fannie Mae (FNMA-OTC)
April 15, 2004
(A past top pick Feb 18/04 on the debate with John Embry. Down 8%.)
PAST TOP PICK
PAST TOP PICK
April 2, 2004
(A past top pick Feb 20/04. Down 5%.) To own the stock, you have to be prepared for headline risks. Authorities in the US are looking up the regulations. Trading at 9 X earnings.
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Fannie Mae (FNMA-OTC)
April 2, 2004
(A past top pick Feb 20/04. Down 5%.) To own the stock, you have to be prepared for headline risks. Authorities in the US are looking up the regulations. Trading at 9 X earnings.