Seeking Alpha

Fannie Mae (FNMA.OB +31.5%) and Freddie Mac (FMCC.OB +26.9%) continue a torrid run, now closing...

Fannie Mae (FNMA.OB +31.5%) and Freddie Mac (FMCC.OB +26.9%) continue a torrid run, now closing in on quadrupling this week. Buy the stocks for a trade, but the idea there is any value at all in the common when it's likely the preferred may even be worthless is "just insane," says John Hempton (an owner of the preferred).
Comments (7)
  • DeepValueLover
    , contributor
    Comments (9379) | Send Message
     
    WIth the DTA and the absolute gusher of profits I think the common may be a good bet long term.
    21 Mar 2013, 11:12 AM Reply Like
  • ATX
    , contributor
    Comments (95) | Send Message
     
    If there's no value, the stock wouldn't be standing there for decade, if there's no value, they would be wiped out many years ago.
    21 Mar 2013, 11:54 AM Reply Like
  • sho
    , contributor
    Comments (175) | Send Message
     
    The hope is a law suit to the Government violating 5th amendment, according to John Hempton. http://bit.ly/10nHL8b
    21 Mar 2013, 12:55 PM Reply Like
  • fsrvc
    , contributor
    Comment (1) | Send Message
     
    good time to long it.
    21 Mar 2013, 03:30 PM Reply Like
  • pbsteve
    , contributor
    Comments (4) | Send Message
     
    I'm in!
    21 Mar 2013, 10:33 PM Reply Like
  • WallStreetGeek9966
    , contributor
    Comments (2) | Send Message
     
    It was $45 dollars a share in 2007 and America can't run itself with Fannie Mae. Get the idea ? I m all in.
    25 Mar 2013, 04:48 AM Reply Like
  • WallStreetGeek9966
    , contributor
    Comments (2) | Send Message
     
    It was $45 a share in 2007 and America can't live with Fannie Mae. Get the idea ? I m ALL in.
    25 Mar 2013, 04:48 AM Reply Like
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