manipulation_decipherer • 7 hours ago
Fannie's latest networth per common share.
Fannie has taken a total of $116B from Treasury and repaid $38B in form of dividends, i.e., it owes the Treasury a net of 116 - 38 = $78B.
If FMCC reported a net profit of $9, FNMA will report about $14B for the year.
Deferred tax assets of $62B and profits of $14B is $76B, which will go towards repayment to Treasury.
This leaves $78B - $76B = $2B unpaid to Treasury as of Dec 2012.
The profit for Q1-2013 will be at the current annual rate $4.5B.
This means FNMA now has a net-worth of $2.5B, after repayment of all preferred stock to Treasury, towards common stock of 1.2B shares. This gives a common stock value of $2 per share, right now, assuming no profits in future.
Profits at a rate of $14B per year values the common stock enormously.
I do not know if there are other games here. JMHO
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