Posted On: 04/10/2013 12:19:23 PM
Post# of 1629
Value of FNMA should be $2.50 (without preferreds)
From Bloomberg :
"Under the terms of an agreement with Treasury that went into effect this year, the enterprises will be allowed to retain only $3 billion in net worth. Any profits beyond that amount will go to taxpayers."
$3B/1.2B Shares = $2.50
From Bloomberg :
"Under the terms of an agreement with Treasury that went into effect this year, the enterprises will be allowed to retain only $3 billion in net worth. Any profits beyond that amount will go to taxpayers."
$3B/1.2B Shares = $2.50
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