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Glen Bradford

 
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  • Ackman Bets On $100+ For Fannie And Freddie - New All-Time Highs
    Mon, Oct. 20 FNMA, FMCC 30 Comments

    Summary

    • If Fannie Mae and Freddie Mac were not bailed out, their book value starts at $31/share.
    • Treasury takeover forced Fannie and Freddie to pay interest on accounting losses that Treasury triggered that were not necessary as evidenced by reversals.
    • Federal regulators directed Fannie Mae and Freddie Mac to start purchasing $40 billion a month of underperforming mortgage bonds to bail out America.
    • Ackman says that he expects the share value to be $23-$47, but opportunity cost with preferreds and risk profile demonstrate otherwise.
  • Fannie Mae Legal Ruling Expedites Endgame
    Mon, Oct. 6 FNMA 36 Comments

    Summary

    • The Perry case was going to the appeals court regardless. That is to say the government would have appealed a win for private investors.
    • Lamberth went out of his way to dismiss and in the process purposely closed doors. The lack of full Discovery makes it impossible to throw out.
    • Using the AIG bailout as a barometer, one can easily see that the warrants are going to be voided for Fannie and Freddie.
  • Fannie Mae Ruling Means Ackman's Valuation Is Now $100-$250
    Wed, Oct. 1 FNMA, FMCC 70 Comments

    Summary

    • The ruling revealed that the government is following all of its laws and will be revealing Fannie and Freddie to private shareholders.
    • The government is signaling that the warrants are going to be cancelled for anyone who actually reads filings and understands what is going on.
    • No takings have occurred yet. Another amendment is to follow. The entities are in conservatorship and not receivership. The stock continues to trade.
  • Now Is Always The Time To Buy!
    Thu, Sep. 11 DXM, FMCC, YLWDF 9 Comments

    Summary

    • If you don't own this stuff, buy it. If you do, buy more. Sell as much other stuff as you can to buy this stuff.
    • Now is the time. If you discount your time from now till you die with a positive interest rate, the time is still right now.
    • I have heard about the people that do not buy and only sell. I own and am buying what you need to buy and own as well.
  • It's Independence Day For Fannie And Freddie
    Sun, Jul. 6 FNMA, FMCC 43 Comments

    Summary

    • The Delaney-Carney-Himes housing reform finance proposal is intractable.
    • The Johnson-Crapo revised Corker-Warner bill is dead.
    • The prevailing risk is summary judgment coming from Judge Lambert.
  • Fannie Mae And Freddie Mac Are Undercapitalized
    Sun, May. 18 FNMA, FMCC 47 Comments

    Summary

    • The Third Amendment Net Worth Sweep is illegal.
    • Fannie Mae and Freddie Mac have paid back more than they borrowed.
    • The largest investor in Fannie Mae and Freddie Mac is the American taxpayer.
    • The largest beneficiary of Fannie Mae and Freddie Mac is the American taxpayer.
    • Fannie Mae and Freddie Mac saved America during the crisis and are the best solution going forward.
  • Yellow Media's 2014 Hockey Stick Stock Price
    Fri, Jan. 24 YLWDF 20 Comments
  • Yellow Media Up Over 100% YTD, 100%+ To Run
       • Nov. 26, 2013 YLWDF 4 Comments
  • Yellow Media - Canada's Largest Internet Company - Buy Hand Over Fist
    Jul. 12, 2013 YLWDF 18 Comments
  • Dex Media - Chapter 11 Brings Large Upside
    Mar. 19, 2013 DXM 55 Comments
  • Yellow Media - Crisis Valuation Of $14.25
       • Jan. 30, 2013 YLWDF 14 Comments
  • Dex Media - More Bullish On The Merger
    Dec. 26, 2012 DXM 26 Comments
  • Why I Love Dex One And SuperMedia And Why You Should Too
    Dec. 7, 2012 DXM 44 Comments
  • Why American Chapter 11 Beats Canadian CBCA
    Oct. 29, 2012 DXM, LNKD, YLWDF 25 Comments
  • Dex Media: Likelihood Of Successful Merger Increases
    Sep. 13, 2012 DXM 63 Comments
  • Dex Media: Less Risk Together Than Separate
    Editors' Pick • Aug. 21, 2012 DXM 38 Comments
  • Super Media Is Best Of The Yellow Pages: Management Does Matter
    Editors' Pick • Aug. 15, 2012 DXM 27 Comments
  • Buffett Would Buy SuperMedia If He Knew About It
    Jun. 26, 2012 DXM 17 Comments
  • Lee Enterprises Should Top $2 Within 180 Days
    Dec. 8, 2011 LEE 21 Comments
  • Top 10 Global Financial Institutions Exposed To Systemic Risk
    Nov. 22, 2011 DB, BCS, BNPQF 2 Comments
  • The Banking Crisis Revisited
    Nov. 14, 2011 BAC, C, JPM 9 Comments
  • Tootsie Roll: Overvalued By All Metrics
    Oct. 12, 2011 TR 4 Comments
  • Sell Apple; Buy Sprint
    Oct. 6, 2011 AAPL, S 62 Comments
  • Stocks I'd Average Down On
    Sep. 13, 2011 GCI, GOOG, LEE 4 Comments
  • Bearish On Banks - Especially Bank Of America
    Sep. 12, 2011 BAC, C, JPM 18 Comments
  • Gold - Don't Buy The Dip Yet
    Aug. 24, 2011 GLD 68 Comments
  • Lee: A Great Opportunity
    Aug. 23, 2011 LEE 10 Comments
  • Gold Bubble Is Epic
    Aug. 12, 2011 GLD, IAU, ABX 263 Comments
  • Can Credit Ratings Agencies Be Relied Upon to Gauge Systemic Risk?
    Aug. 11, 2011 FMCC, SLM, MCO 1 Comment
  • Trending the Crash of 2011
    Aug. 5, 2011 BOM, EUO, FXI 3 Comments
  • Bank of America Still Atop the Bank Loser Board
    Aug. 5, 2011 BAC 6 Comments
  • What's Really Safe?
    Aug. 5, 2011 SLV, GLD, FXF 18 Comments