Bove Releases More Data On Fannie Mae Investment Idea

Richard Bove released the first update in a series of reports analyzing Fannie Mae as a potential investment, highlighting strong growth that would be attractive if it weren’t for the underlying political risk that investing in Fannie Mae / Federal National Mortgage Association (OTCBB:FNMA) entails.

Fannie Mae earnings

“Fannie Mae / Federal National Mortgage Association (OTCBB:FNMA) reported third quarter earnings of $8.7 billion. This was 4.8x greater than the profits reported in the third quarter of 2012. It was the seventh consecutive quarter of positive earnings,” wrote Bove, who is vice president...