Sacko Commissioner

511 posts

Sacko Commissioner

Sacko Commissioner

@SackoCommish

FF

Madrid, Spain Katılım Eylül 2019
27 Takip Edilen11 Takipçiler
Sacko Commissioner
Sacko Commissioner@SackoCommish·
@MirMAKOfficial If phs’s were better negotiatiors than businessmen then they wouldnt be middle class people… No one negotiates better than proven businessmen
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Mir Mohammad Alikhan
Mir Mohammad Alikhan@MirMAKOfficial·
Negotiating Teams. Irani. PhD. PhD. PhD. PhD. PhD. American. Real Estate Developer. Real Estate Lawyer Venture Capitalist
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Aakash Gupta
Aakash Gupta@aakashgupta·
The math on Fannie and Freddie is so dislocated it looks like a pricing error. Fannie printed $14.4 billion in net income last year. Freddie printed $10.7 billion. Combined market cap on the pink sheets right now: ~$12 billion. The market is pricing $25 billion in annual earnings at a 0.48x multiple. Find me another 0.48x earnings multiple anywhere in American finance. It doesn't exist. The dilution fear is the reason the stock is cheap and the reason the stock is wrong. Treasury put in $187 billion. The GSEs have swept back over $300 billion since 2012. That's an 11.6% IRR. If Treasury exercises its 79.9% warrants at today's price, the government's stake is worth ~$9.6 billion. If it exercises post-relist at 10x earnings, that stake is worth $200 billion. The difference is $190 billion. Washington doesn't leave $190 billion on the table to spite penny stock holders. Capital requirements look scary until you do the arithmetic. The ERCF says $334 billion. They have $179 billion. The FHFA can lower Tier 1 to 2.5% without Congress. New target: ~$190 billion. Gap: $11 billion. One IPO closes it. One year of retained earnings closes it twice. G-fees are already at 65 bps. Pre-crisis they were 20. The GSEs have been charging privatized pricing inside a conservatorship for 14 years. Credit losses outside of 2008 average under 5 bps. The margin is so fat that mortgage rates don't move at all on release. So what are you actually buying at $5? A royalty on the American mortgage system. 65 bps on $7.5 trillion in outstanding MBS. $48 billion in gross annual revenue. Under 5 bps in historical losses. The most predictable spread in finance, backstopped by a guarantee both parties have publicly committed to preserving. JPMorgan trades at 13x and takes real credit risk. Utilities trade at 15x with half the visibility. These two trade at 0.48x collecting tolls on other people's risk. The second those warrants convert and the NYSE listing goes live, every index fund and pension fund with a financial sector mandate has to buy. Two of the ten most profitable companies in America, sitting on the pink sheets, waiting for one signature.
Bill Ackman@BillAckman

And Fannie and Freddie are stupidly cheap. Asymmetry at its best. They could be a 10X and it could happen soon.

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AnalogKid70
AnalogKid70@AnalogKid70·
@anthonynoto Is the 4.5% applicable to everyone? When I go to sign up for Plus on my account, the website says it is “up to 4.0%” APY. Why the discrepancy?
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Austin Abbott
Austin Abbott@AustinAbbott·
WEEK 16 START SIT QUESTIONS GO
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Sean Mitchell
Sean Mitchell@smitchell17·
Let's FIRE EM UP! WEEK 16 NFL Fantasy ANYTHING DROP EM 🫳
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Bryce DeGroat
Bryce DeGroat@NFL_Convo·
Week 16 is Officially Here🏈 Drop any Start / Sit Questions you have⬇️ I will get to all of them before gametime🤝 Let’s go win our playoff matchups‼️
Bryce DeGroat tweet media
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ᴛʀᴀᴄᴇʀ
ᴛʀᴀᴄᴇʀ@DeFiTracer·
🚨 BREAKING: 🇺🇸 FED TO DROP BALANCE SHEET TODAY AT 4:30 PM IF BALANCE EXCEEDS $6.55T = MARKET WILL GO PARABOLIC EXPECT HIGH VOLATILITY!!
ᴛʀᴀᴄᴇʀ tweet media
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Sacko Commissioner
Sacko Commissioner@SackoCommish·
@TheFFFanatics3 #FFF Would you trade away Etienne for omarion hampton? Im in first place hes in last. Maybe hampton is good for playoffs?
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Sacko Commissioner
Sacko Commissioner@SackoCommish·
#AskFFT @NFLFantasy Would you give away keenan, thamondre, travis etienne, and hubbard for Ladd and chase brown I have depth (12 team .5 ppr)
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Sacko Commissioner
Sacko Commissioner@SackoCommish·
@TheFFFanatics3 Would you give away keenan, thamondre, travis etienne, and hubbard for Ladd and chase brown I have depth (12 team .5 ppr)
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Libs of TikTok
Libs of TikTok@libsoftiktok·
BREAKING: USAID official and 3 company executives plead guilty in fraud and bribery scheme involving at least 14 contracts worth over $550 million USAID Official Roderick Watson took bribes, was showered with lavish gifts— including cash, laptops, thousands of dollars in tickets to a suite at an NBA game, a country club wedding, downpayments on two residential mortgages, cell phones, and jobs for relatives. In exchange for the bribe payments, Watson influenced the award of contracts by manipulating the procurement process at USAID. Watson faces a maximum penalty of 15 years in prison. Imagine how much more fraud there is…
Libs of TikTok tweet mediaLibs of TikTok tweet media
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