I think this is a great long term play. The stock has been discharged from the operation theatre, though still bruised up.. its on it's way to recovery... from 53 to .25 in 52 weeks and now at .70 a piece Freddie wants to be your Buddie..
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FNM/FRE - The Fed has intervened and basically made it hard to stay short these things. While ultimately they will both be at zero, unless the Fed really gets socialistic on us and then they buy them out for a premium, now that would be cool! You'd see an awful lot of big shorts in the market bail a...
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I am closing my short positions in Fannie Mae and Freddie Mac just because the easy money has been made but I still wouldn't not touch the equities in these stocks at any price! I absolutely believe they are both zeroes!
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Bond manager Bill Gross wants to spread the bailout wealth. Gross says in a commentary posted on the Pimco Web site Thursday that the government must “open up the balance sheet of the U.S. Treasury” to support Fannie Mae (FNM), Freddie Mac (FRE) and, in a new twist, “Mom and Pop on Main Street ...
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After watching M&I's deep plunge of over 10% yesterday, I wonder how close they may be in the vacuum behind Fannie & Freddie, and IndyMac (with absolutely no chance of any kind of a bailout deal). I realize that M&I has some cash on hand, but it seems to be evaporating very quickly with all the alre...
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FNE is done. Think sub-$5 on this one. Chart and trading looks very similar to ABK and MBI. No reason to own this, or FMN or most banks here yet. Yes, we will get some nice bounces, but they should be faded with both fists. FRE sees sub-$2 before it ever sees $20 again more than likely. Irony i...
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Dudes and dudesses, when are people going to stop even thinking or dreaming that FNM is worth ANYTHING. Yes, I said it, its WORTHLESS. The stock should be trading at ZERO. The Fed says they need FNM and FRE, great. Wonderful. The Fed has proven they don't care about stock prices. FNM and FRE can ...
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About Freddie Mac
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