Fannie/Freddie explained in detail
As some of you know, I mentioned an interesting opportunity a week or two ago: Fannie and Freddie “junior” preferred stocks. Here’s the quick recap:
Thesis: I think there is a decent chance of a double or more in the next 12-18 mos.
There are about 40 different issues totaling about $34 bn face amount, and they currentl…
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