Fannie Gets Spanked
Source: http://blogs.moneyandmarkets.com/blog/the-dividend-superstars-blogPosted on Friday, August 8th, 2008 | In Market Commentary, Stocks to Watch
Contributed by: Nilus Mattive (http://blogs.moneyandmarkets.com/blog/the-dividend-superstars-blog) -
Amazingly, Fannie Mae lost another couple billion in the second quarter (2.3 to be exact) and reiterated news about its dividend getting slashed from $0.35 to $0.05.
I guess it’s true what they say — “a billion here, a billion there, pretty soon you’re talking real money.”
We are still being told that these GSEs will be able to withstand the credit conditions, but clearly things are not getting better yet. And the implications for housing are 100% negative.
So stay tuned!
Last 5 posts by Nilus Mattive
- Look at the Dividend Tech Stocks! - November 11th, 2008
- ACAS Suspending Dividend - November 10th, 2008
- Yes, You Can Still Find Solid, Reliable, Fat Dividends - October 28th, 2008
- Volatility Out the Wazoo! - October 16th, 2008
- Volatility Out the Wazoo! - October 16th, 2008
 About Nilus Mattive (http://blogs.moneyandmarkets.com/blog/the-dividend-superstars-blog)
Nilus Mattive, a financial analyst at Weiss Research, is the editor of Dividend Superstars, a monthly publication and is also the editor of the company’s daily e-letter, Money and Markets. Formerly a senior editor of Standard & Poor’s The Outlook, the oldest continuously published investment newsletter in the country, he has written for a number of investment websites, including BusinessWeek and Individual Investor. Mr. Mattive is the author of The Standard & Poor’s Guide for the New Investor (McGraw-Hill, 2004) and has appeared on the popular investment radio show, Traders Nation, to discuss his views on personal finance. Mr. Mattive graduated cum laude from the University of Scranton. |
No recommendations, either expressed or implied, are being made to buy, sell, hold or short any of the mentioned stocks. No legal, tax or accounting advice is expressed or implied. Always contact your attorney, CPA, or tax advisor before acting on any legal or tax issues. StraightStocks.com is not responsible for the content, products, or services of any of the advertisers on this site. StraightStocks.com receives compensation from advertisers on this blog. Services and products referred to herein are trademarks, registered trademarks, servicemarks, and/or registered servicemarks of their respective trademark or servicemark owners.