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Opinion on  Fannie Mae (FNM)     Sector: Financial  >  Industry: Consumer Financial Services
Bounce

Jul 11, 2008 09:25 PM UTC
Gekko
Return Risk
+5.06% MID
Sr. Associate

Recent News  

This stock got hammered early in the session and recovered really well because Bernanke will give them all the money they need.  Uncle Sam will not let this company die...ever, no matter how much it costs you and me.  I'm looking for a quick score on a Monday rally. 

FNM:  This call was made on 07/11/08 @ $12.87
Rating:   Positive   $12.87 (07/11/08)
Closed:   07/14/2008 @ $10.84 (-15.77% in 3 days)
Target:   $12.00 (-6.76%) in < two weeks


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utopius   84%     1 point   commented 142 days ago reply

Pretty sure the Fed won't mind if the equity investors lose it all in Fannie and Freddie. Similar to the sentiment when they goaded JPM to bid lower for Bear ($2.00 was the eventual bid price before it got raised).

FNM investors likely to see close to zero, even with gov't bailout/investment/privitization.

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Walter Thatcher previously rated FNM
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