Thursday, March 20, 2014

Fanny and Freddie... The Return

On a day when the market was mixed to down, Fannie Mae (FNMA) and Freddie Mac (FMCC) were both up about 5%.  That got my attention, so I checked them out over the last 2-3 months. Seems like they've been trying to breakout, even hit $5.50/share this month.  So I  looked at the headlines over the last few weeks. At least all the writers think it's time to make a move.  Bottom line, they're both victims of the housing bubble collapse of 7 years ago. Before that, these were $60-80/share stocks. They may never get there, but looking at how they're moving, I think it's time to dip my toes in that water...

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