| WAIT | 1.200 | Don Reed | We need to see the system a little more liquid before buying. | 2008-10-07 | |
| DON'T BUY | 0.740 | Gordon Reid | Preferred Shares: Don’t be tempted. Basically, the bailout took about 80% of the capital from them and put it into government hands. Doesn't think there was any provision for the protection of the preferred shareholders. | 2008-09-10 | |
| DON'T BUY | 0.730 | David Burrows | (Market Call Minute.) He was short this stock and covered it today at $1.30. | 2008-09-08 | |
| DON'T BUY | 6.480 | Charles Bobrinskoy | In most people's mind, the US government supports the debt of Fannie Mae (FNM-N) and Freddie Mac (FRE-N) so their debt is secure. The question is, what are they going to do with the stocks, and very importantly the preferred stocks. They are down about 50% and there is a lot of concern that they could get wiped out. | 2008-08-27 | |
| DON'T BUY | 11.600 | Brian Acker, CA | The model price is $4.26 using a March balance sheet. Not a private enterprise company but is actually government owned so doesn't follow the rules like everybody else. Has never issued a statement for the last 3 years. | 2008-08-06 | |
| DON'T BUY | 10.310 | Ron Ianieri | In a desperate situation. Feds are going to make sure it doesn’t go under. Could still drop another 50%-70%. Anticipate they will need another $25 billion. If things get worse, this number could skyrocket. | 2008-07-28 | |
| DON'T BUY | 10.250 | David Burrows | Has been short this one for a few months. In a capital structure of a company, you have debt holders and equity holders. Ultimately, equity holders are the last ones on the totem pole. When the equity is getting eroded as quickly as it is, it can disappear very quickly. | 2008-07-11 | |
| BUY | 29.850 | Pat Naccarato | Government backstops the loans for Freddie Mac (FRE-N) and Fannie Mae (FNM-N). The Government has asked for their help and have given them leeway to issue larger mortgages, which will allow them to grow their portfolios. The stocks are severely undervalued. | 2008-04-07 | |
| BUY | 38.420 | Pat Naccarato | Both Freddie Mac (FRE-N) and Fannie Mae (FNM-N) are outstanding franchises. Down about 60% and he is attracted to this area. Feels the government would back them if there were problems. | 2007-11-30 | |
| DON'T BUY | 71.920 | Norman Levine | Will potentially have to restate $9 billion of earnings. CEO, CFO and auditor have been removed. Stock moved up on the news. It will take quite a while. There will be big pressures in Congress to change the special status because they are really trading off the back of the US government in borrowing which the private sector can't do. | 2004-12-22 | |
| DON'T BUY | 69.890 | David Driscoll | The big red flag is that the auditors are not going to sign off on the financial statements. With rising interest rates, the spread narrows. This stock will continue to get hit. | 2004-12-08 | |
| TOP PICK | 70.150 | Alison Deans | Should do well if Kerry wins the election. | 2004-10-29 | |
| TOP SHORT | 67.650 | David Chapman | Has quasi government backing, but raises money like crazy in the foreign markets. Has some serious major accounting issues. | 2004-10-22 | |
| PAST TOP PICK | 68.800 | James Cole, BA, CFA | (A Top Pick June 30/04. Down 3.5%.) Sold off in Sept when the news hit about misgovernance. | 2004-10-18 | |
| TOP SELL | 65.510 | Lou Holland | Starting to crumble. Freddie Mac started several months ago and Fannie Mae has just started. Don't think it's over. | 2004-09-24 | |
| BUY | 76.650 | John Sinkins, CFA | Has some issues on accounting. Stock has bounced up nicely. Quality of their mortgage book is pretty good. Rising interest rates could be a factor if they go to fast. | 2004-09-13 | |
| TOP PICK | 72.310 | Brian Acker, CA | Trades at a big discount because of their fears in the market. | 2004-08-11 | |
| TOP PICK | 71.360 | James Cole, BA, CFA | One of the best companies in the US. It decades long track record of earnings growth. Has paid out steadily rising dividends. Higher interest rates (flatter yield curve) will be good for them. 3% dividend. | 2004-06-30 | |
| BUY | 67.810 | Gavin Graham | Has been having some problems. The other problem is that just about everyone in the US that needs a mortgage, has one. With rates going up, they'll probably be less creation of new mortgages. Cheap. | 2004-05-20 | |
| BUY | 69.510 | John Sinkins, CFA | Earnings continue to increase but is being hit hard. Outlook is fairly good. | 2004-05-11 | |
| DON'T BUY | 67.860 | Michael Holland | Would avoid this stock. | 2004-05-07 | |
| TOP PICK | 68.710 | David King | A pure value buy. 9 X trailing PE and 3% yield is intriguing. Headline risk is not as important as were the numbers and up ultimately. | 2004-04-30 | |
| BUY | 67.980 | Brian Acker, CA | Thinks the bottom is around $65.50. Wall Street journal says regulators are going to get really tough with this company. There's a lot of value there which will be unlocked. When this happens. | 2004-04-28 | |
| DON'T BUY | 70.700 | Norman Levine | A very, very scary stock. There is a lack of disclosure on their part. | 2004-04-21 | |
| PAST TOP PICK | 74.210 | Brian Acker, CA | (A top pick Jan 30/04. Down 6%.) Has been hit by interest-rate fears. Lots of value in it. We'll be substantially higher a year from now. | 2004-04-16 | |
| PAST TOP PICK | 72.650 | Brian Acker, CA | (A past top pick Feb 18/04 on the debate with John Embry. Down 8%.) | 2004-04-15 | |
| PAST TOP PICK | 75.210 | Jonathen Wellum, B. Comm, B. Sc | (A past top pick Feb 20/04. Down 5%.) To own the stock, you have to be prepared for headline risks. Authorities in the US are looking up the regulations. Trading at 9 X earnings. | 2004-04-02 | |
| BUY | 73.510 | Paul Harris, CFA | Concerns that they may be taking on a lot of derivative risks because of low interest rates. There is a question if the US government will rescue them. | 2004-03-26 | |
| DON'T BUY | 75.390 | David Driscoll | Despite the fact that everybody likes this stock because of the refinancing going on, the flip side is that funding requirements are going to change. | 2004-03-11 | |
| TOP PICK | 79.660 | Jonathen Wellum, B. Comm, B. Sc | Valuation has come down below 10X earnings. Servicing revenue should be great over the next several years. Cheap. | 2004-02-20 | |
| DON'T BUY | 79.880 | Matt Barasch | Prefers Freddie Mac as their accounting issues are behind him. Doesn't know what is in store for Fannie Mae. | 2004-02-19 | |
| TOP PICK | 79.030 | Brian Acker, CA | Expects a period of years were you're going to have growth with deflation. | 2004-02-18 | |
| TOP PICK | 77.700 | Peter Arender, CFA | Evaluation is very attractive. Worth $100. | 2004-02-04 | |
| TOP PICK | 77.100 | Brian Acker, CA | If they are guessing right on the Congress and the regulator, the stock could be a double. | 2004-01-30 | |
| TOP PICK | 72.980 | Peter Arender, CFA | Turns out great earnings, ROE is fantanstic, very leveraged. Cheap on earnings basis, cheap on price too book, very attractive evaluation. | 2003-12-23 | |
| TOP PICK | 72.980 | Peter Arender, CFA | Turns out great earnings, ROE is fantanstic, very leveraged. Cheap on earnings basis, cheap on price too book, very attractive evaluation. | 2003-12-23 | |
| BUY | 64.040 | Ray Steele | Tremendous franchise. Great buying opportunity. | 2003-07-31 | |
| DON'T BUY | 72.390 | Paul O'Neil | Benefitted from people refinancing their mortgages and this will now slow down. Very levered. Prefers others. | 2003-04-30 | |
| DON'T BUY | 82.980 | Jonathen Wellum, B. Comm, B. Sc | A lot of controversy because they have grown so large there are concerns about the large mortgage debts, especially in some undesirable areas. | 2002-04-05 | |
| WEAK BUY | 79.880 | Brian Acker, CA | Good entry point.Rumors about US government pulling their guarantees. | 2002-03-28 | |
| DON'T BUY | 77.910 | Ian Nakamoto | Has had a good run, so doesn't expect another move for a while. | 2002-02-27 | |
| DON'T BUY | 79.100 | Gavin Graham | Has been hit over the last few weeks. Could have troubles with mortgages. | 2001-08-24 | |
| BUY | 84.400 | David Driscoll | Low risk. Growth about 15% annually. A little expensive, but is buying. | 2001-08-10 | |
| BUY | 85.340 | David Driscoll | Demand for homes is there. No risk. Grows 15% a year. | 2001-07-05 | |
| BUY | 84.550 | Michelle Calpin | Likes. | 2001-06-27 | |
| TOP PICK | 77.400 | Jeff Morrison | Good stock and good history. Good evaluation. | 2001-04-10 | |
| TOP PICK | 77.590 | David Driscoll | Very safe. Investors staying away because they expect government backing, but this is not likely, so not a problem. | 2001-02-05 | |
| BUY | 79.688 | Noah Blackstein, B.A., CFA | Had a big run, but has dropped. Wave of refinancing = profits | 2001-01-08 | |
| TOP PICK | 80.000 | Noah Blackstein, B.A., CFA | A lot of problems out of the way now. Exceptional growth& revenue growth | 2000-10-30 | |
Experts that have talked about Fannie Mae
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