Opinions Lorne Steinberg
Fannie MaeFNMADON'T BUYJul 02, 2013
Lorne SteinbergUnknown
$1.68
Stock price when the opinion was issued
$6.35
As of Jun 22, 2026. Market Open.
Financial Services
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COMMENT
Followed this for years and is on his watch list. In the last 2-3 years, the chart shows a period where it was at $0.30 where it stayed for a long time. Thinks there was a tremendous overreaction by the government because of a lot of problems. Through their history, they have really helped a lot of people buy houses.
Financial Services
COMMENT
Very interesting contrarian play. Government seems to like to destroy things that have worked for a long time. At a certain point in time, they don’t work as well but the question is, what are they going to replace them with. You have to steel yourself to deal with companies like this.
Financial Services
WEAK BUY
Fannie Mae (FNM-N) and Freddie Mac (FRE-N) were mainstays of the US economy but are now penny stocks. Were touted as prime blue chips for years. If you want a high risk, this could be a place to do it. Feels the risk is far less than it was before because US government has not completely moved in. Tremendous upside over time.
Financial Services
DON'T BUY
In most people's mind, the US government supports the debt of Fannie Mae (FNM-N) and Freddie Mac (FRE-N) so their debt is secure. The question is, what are they going to do with the stocks, and very importantly the preferred stocks. They are down about 50% and there is a lot of concern that they could get wiped out.
Financial Services
They have been recapitalized. There are long term issues with government support for them.