Fannie/Freddie Explained In Detail

Kaoboy Musings 1 – 9/17/2019

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…