blue_xxxxxxx • 3 hours ago
FNMA ~~ target price 100 dollars within 3 years~~~
1) FNMA posted record net profit $58.7 BILLION, the largest quarterly net income in the company’s history.
Q1 profit makes FNMA the most profitable company in the world. Remember Apple made 41.7 billion dollars profit last year. FNMA just Q1 profit passed that record.
2) FNMA the most profitable financials firm IN USA. JP MORGAN $6.5 billion profit. WELLS FARGO $5.1 billion profit. Berkshire Hathaway $4.8 billion profit.
3) Also FNMA posted $17.2 billion record net profit in 2012, the largest annual and quarterly net income in the company’s history.
4) Bank of America paid 11.6 billion dollars in the first quarter to FNMA. second quarter Citi bank will pay 3.5 billion dollars. There are still 18 banks left to pay FNMA and its siblings about 200 billion dollars because of the bad loan they packaged to FNMA and its sibling.
5) Housing booming in USA. Foreclosure rate down 22% in the first quarter. It means bad loans on FNMA balance sheet reduced.
6) FNMA book value per share 54 dollars As of March 31, 2013
FNMA total equity: 62,368,000,000 dollars
FNMA total outstanding shares: 1,158,077,970
Book value: Total Equity/Outstanding shares
FNMA book value= 62,368,000,000/1,158,077,970= 53.8 dollars
7) Hedge funds, Capital Income Builder, Inc holds 12.5 million shares. Recently other hedge funds Paulson and Co, Perry Capital have been loaded shares Bloomberg said According to CNBC Equity Fund Fairholme invested 500 million dollars for FNMA shares.
8) FNMA CEO said the company will be profitable next a few years.
9) FNMA has 3.3 trillion dollars asset, the world biggest company by asset. The most profitable company in the world currently.
10) TARGET PRICE 100 DOLLARS WITHIN 3 YEARS.
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