FNMA - Fannie Mae

Discussion in 'Penny Stocks' started by StockJock-e, May 23, 2016.

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  1. Lonnie Ray

    Lonnie Ray Active Member

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    Does anyone think the government will let them out of conservatorship? I may by a few lotto tickets and get ready for 2018 talks.
     
  2. Jonathan Wiley

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    If a federal tax reform bill is signed into law, a reduction in the corporate tax rate — from 35% to as low as 20% — will force some companies to take a big writedown due to the forced remeasurement they’ll have to do of the deferred tax assets on their balance sheets.
    One article reported on the significant profit hit, and potential capital infusion needed, for Fannie Mae FNMA, +2.22% because of their large deferred tax balances. The deferred tax assets, currently worth about $45 billion combined, would be reduced to about $20 billion, according to an analyst estimate based on a corporate rate cut to 20% from 35%.
     
  3. Lonnie Ray

    Lonnie Ray Active Member

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  4. Lonnie Ray

    Lonnie Ray Active Member

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    Even it you don't think it will be positive there is action for a trade. should run up.
     
  5. StockDude

    StockDude New Member

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    "This latest plan is to return the two back to private hands. But as part of the plan, there would be a Treasury backstop in place. But this hasn’t come without pushback. Senate Banking Committee Senator Sherrod Brown has issues with this plan. The concern stems from possible risks that could arise by giving up control." - Source: 2 Penny Stocks To Buy Or Avoid This Month: FNMA & FMCC

    It's time to watch for fireworks I think haha. People complained these were penny stocks but what will they say when or if FNMA/FMCC actually take us for a wild ride?
     
  6. Lonnie Ray

    Lonnie Ray Active Member

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    I've already been banking on trades. I currently have 15K shares at average of 2.93 with a 3.73 stop loss. I'm not sure if they ever get released, but it looks more promising.
     

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