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6 pts

Opinion on  Fannie Mae (FNM)     Sector: Financial  >  Industry: Consumer Financial Services
Fannie and Freddie Have Friends

Dec 07, 2007 04:00 AM UTC
Photo_26
Return Risk
-16.42% MID
Associate

Should have bought this yesterday when I told a colleague that I thought FNM was a buy.  This is a quasi governmental agency, supporting home mortgages. Owning a home is central to our way of life and Fannie and Freddie have a central role in this. Now Paulson is essentially talking about a bail out or " freeze" of troubled mortgage rates.  Stock moved big today. Onward and Upward Fannie.

FNM:  This call was made on 12/07/07 @ $38.96
Rating:   Positive   $38.96 (12/07/07)
Closed:   09/23/2008 @ $1.31 (-96.64% in 291 days)
Target:   in > one year
Allocation:   5.8% of portfolio


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