Fannie/Freddie Prefs vs. Common?

Kaoboy Musings 2 – 9/19/2019

Fannie/Freddie Prefs vs. Common?

Following up my writeup on the GSE preferreds, I’ve attached 2 research reports, one that favors the common stocks (FNMA/FMCC) and one that favors the preferred stocks (my view).

The first report argues that the upside of the common stocks far exceeds the potential upside of the prefs and was put out by Whitney Tilson’s Em…