joekeyes1

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  • Fannie Mae Lawsuit Updates Bode Well For Shareholders  [View article]
    At least I now know what it takes to "deserve" your name calling. I don't see in the SA Terms of Use that unsupported posts are deserving of personal attacks from other users. In fact the TOU prohibits personal attacks. Nobody can convince me that name calling is not a personal attack.

    At this point in time Fannie/Freddie are a 50/50 roll of dice. That does not place either of them in "investment" status. Institutions hold only 2% of Fannie. Why? Because most of them know this is an "all-or-nothing" crap shoot. Sensible people realize the common shares will be worth nothing in an adverse final ruling. Writers of most articles on SA have admitted this. Even Ackman has sized his position such that it will not do significant damage to PSH if it loses a lot of value. He said so himself. The enthusiasm of Ackman and Berkowitz for FnF is not shared by Tepper. Several months ago on CNBC Tepper said he wished he didn't have any of it. (Don't play lawyer with me about this. I saw him say it and that is all the support you are going to get. I am not on trial.)

    So, don't get so antagonistic if I have something unflattering to say about this situation. There is a lot about it not to like. That's why most people don't like it.
    Feb 4, 2016. 09:25 PM | Likes Like |Link to Comment
  • Fannie Mae Lawsuit Updates Bode Well For Shareholders  [View article]
    Nobody has the ability to buy 51% of Fannie or Freddie because Treasury holds warrants equal to ~79% of both companies. And Treasury can't sell until at least 2018. So, the most anybody could buy is ~20%.
    Feb 4, 2016. 03:19 PM | Likes Like |Link to Comment
  • Fannie Mae Lawsuit Updates Bode Well For Shareholders  [View article]
    Steven, Thanks for the thoughtful reply. It is reassuring to be informed about legal matters from someone who is actually an attorney. As for my investment strategy; my risk in missing the initial pop in share price is that there will be a wave of speculative buying in the near run-up to the Delaware and DC court rulings. They will drive the price up in advance gambling on a favorable ruling. Then, if the rulings are favorable, the share price will explode further upwards. It may be less costly to be early and wrong than late and right.
    Feb 4, 2016. 02:31 PM | 1 Like Like |Link to Comment
  • Fannie Mae Lawsuit Updates Bode Well For Shareholders  [View article]
    http://tinyurl.com/zyv...

    Ackman still holds at least some Fannie and Freddie. Cannot determine how many share of either.
    Jan 30, 2016. 06:58 PM | 1 Like Like |Link to Comment
  • Fannie Mae Lawsuit Updates Bode Well For Shareholders  [View article]
    Due to the unprecedented nature of the 'taking' this will very likely go all the way to the SCOTUS after appeals from either side, depending on who gets an unfavorable lower court ruling. And we know how long it may take SCOTUS to grant cert. SCOTUS ruling would also have to rule against the rule barring Treasury from selling its shares until 2018.

    This is dead money for an extended length of time. I am going to wait and see how the courts rule. If the ultimate ruling is in favor of shareholders, I will gladly miss the first few bucks of price increase then jump in. If it is truly worth $24 to $42 per share I will not be greedy about the first 200% or 300% up from the current price. Ackman called this a 'sex and violence' holding. That is a rather fanciful way to say SPECULATIVE.
    Jan 27, 2016. 11:25 AM | 1 Like Like |Link to Comment
  • Fannie Mae Lawsuit Updates Bode Well For Shareholders  [View article]
    See the link in my post below. Until about 2 weeks ago the link showed Pershing's FNMA and FMCC holdings. Then they disappeared. Ackman would have had a profit on his shares, even after the sell off, because he BOT so low a long time ago. He is also under a great deal of pressure to offset his recent, and substantial, losses in other holdings.

    Spare me the name calling. If you and steven haffner aren't interested in civilized dialog here, then just leave and don't come back.
    Jan 27, 2016. 11:06 AM | Likes Like |Link to Comment
  • Fannie Mae Lawsuit Updates Bode Well For Shareholders  [View article]
    http://cnb.cx/1nEtPq0
    Jan 22, 2016. 05:15 PM | 1 Like Like |Link to Comment
  • Fannie Mae Lawsuit Updates Bode Well For Shareholders  [View article]
    I have evidence that Ackman has unloaded his FNMA and FMCC shares.
    Jan 22, 2016. 05:12 PM | 2 Likes Like |Link to Comment
  • Fannie And Freddie: In Or Out, Part 2  [View article]
    Do you suppose it is possible management is deliberately engaging in risky business just so they can prove that these GSE's may indeed need another government bailout? I strongly suspect this. This is the sort of game-playing that has been going on throughout the Obama administration. This is not conservatorship. It is a failure in their capacity as fiduciaries.

    I am sure you notice that I am not a proponent of political correctness.
    Dec 16, 2015. 11:30 AM | Likes Like |Link to Comment
  • Will Kinder Morgan Fall Further?  [View article]
    They just cut their div from $.50 each quarter to $.125 each quarter. That is a 75% cut. By my calculations, for KMI to yield 9% now it would imply a share price of $5.56. A decline like that probably will not happen. But don't be surprised if the SP goes below $10 soon. Tomorrow?

    You KMI fanatics have been whistling past the graveyard.
    Dec 8, 2015. 04:53 PM | 1 Like Like |Link to Comment
  • Will Kinder Morgan Fall Further?  [View article]
    Where do you think KMI's NG is coming from? It is produced in the same places, and by the same companies, that produce shale oil. Permian, Bakken, Marcellus, Eagleford, etc. Overlay the map of KMI's pipelines with those shale oil fields and you will find that's where KMI's pipes are sourcing their NG volumes. So, if the Saudis wipe out US shale oil producers it is going hit NG also.
    Dec 8, 2015. 09:26 AM | 1 Like Like |Link to Comment
  • Multiple Groups Fight For Return Of Fannie And Freddie  [View article]
    Does anyone know for sure if Ackman/Pershing Square still holds a big position in FNMA and FMCC?

    December 7, 2015
    Dec 7, 2015. 09:12 AM | Likes Like |Link to Comment
  • MLPs crumble along with crude oil prices  [View news story]
    Do you really understand what the Saudis are trying to do? (and succeeding)

    There is no way oil volumes can stay up when production costs exceed sales price. The Saudis want to wipe out shale oil production, i.e. Permian, Bakken, Marcellus, etc. Check out where KMI's pipelines draw from. Those same oil fields.
    Dec 4, 2015. 09:31 AM | Likes Like |Link to Comment
  • MLPs crumble along with crude oil prices  [View news story]
    I haven't seen anybody here talking about the devastating effect low energy prices are going to have on KMI and ETP's volumes. The number of producers moving their oil/gas through pipes are going to decline due to bankruptcy. Mid-stream MLPs have nothing to replace the lost revenue with. Consider KMI an MLP. ETP is definitely an MLP.
    Dec 2, 2015. 07:15 PM | 2 Likes Like |Link to Comment
  • Will Kinder Morgan Fall Further?  [View article]
    The Saudis are trying to wipe out US shale production. It is as simple as that. And KMI relies on those same oil fields for a disturbingly large portion of its volume. How does KMI come out of this unscathed when their volume suppliers will be forced to declare bankruptcy?
    Dec 2, 2015. 06:50 PM | 3 Likes Like |Link to Comment
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