Freddie Mac (NASDAQOTCBB:FMCC.OB)

CAPS Rating: 2 out of 5

A stockholder-owned corporation chartered by Congress to create a flow of funds to mortgage lenders. Purchases certain residential mortgages that it finances by issuing mortgage pass through securities and debt instruments in the capital markets.

Recs

2
Player Avatar TMFUltraLong (99.98) Submitted: 9/15/2009 2:30:24 AM : Underperform Start Price: $1.92 FMCC.OB Score: +40.59

This isn't deep folks... nothing from nothing has always and will always be nothing. There is no intrinsic value in this company other than the name. They are 50 billion dollars in the hole at minimum to the government, they continue to lose billions each quarter and their rate of borrowing hasn't slowed. Every possible avenue they face requires them to either liquidate at steep losses or refrain from ever becoming a private entity again. There is no cinderella outcome here... this is a pumpkin and its about time it gets carved up. Will I hold it to 0.001, well probably not, but its sure to go down from here.

UltraLong

Report this Post 2 Comments
Member Avatar KENT66 (47.87) Submitted: 9/17/2009 3:29:19 PM
Recs: 0

JUST WAIT UNTILL IT SPLITS! I'VE SEEN THIS GAME BEFORE,I'TS CALLED A.I.G !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

Member Avatar mathieugp (43.59) Submitted: 9/20/2009 10:39:13 AM
Recs: 0

Split or not, this company is not going to be profitable for shareholders before a long time.

Featured Broker Partners


Advertisement