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zzyzzx
2018 Feb 15, 8:46am
zzyzzx
2018 Feb 15, 8:46am
https://finance.yahoo.com/m/1df1e260-fa00-3902-8600-c3b7eb3f42a1/fannie-mae-to-turn-to.html
Fannie Mae to turn to taxpayers after $6.5 billion loss
Fannie Mae to turn to taxpayers after $6.5 billion loss
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Take a look at Fannie Mae's weird balance sheet at http://finance.yahoo.com/q/bs?s=FNM&annual
Is this a good stock to buy puts on or maybe even to sell short? On the one hand, they apparently have $22 billion in net tangible assets, but on the other hand, that is merely the 2% difference between their truly massive $1 trillion debts and assets. Those massive assets are backed by on inflated house values, so they may fall a lot.
They seem to have a price / earnings ratio of 7, which is really cheap, but then again, not if they start losing money on a big scale. Will they?
Patrick