Freddie closed at $5.10 yesterday and closed @ $4.04 after the bell. Since I bought 100 shares long for shits and giggles in AH, I'm wondering how it will trade tomorrow.
I voted for 25 to 49 cents, given my calculation of an approximate "fair value" of 39 cents, based on the 80% senior preferred stock worth $1 billion.
.02c Only on the HOPE a plan to keep equity holders solvent is included or forthcoming. It should go to ZERO. That will equate to $25B to taxpayers, without concern of the stupid shareholders/speculators who got caught holding.
Good question, I have no idea. Not sure of the Rescue plan and from what I understand both Common and Pref. stock holders are going to be wiped out. Bond Holders, secured bond holders should be ok. Funny thing is, the BIG 3 are now looking to borrow from the FED in a move that they say is not a "BAIL OUT". I hope most the traders on this site can apply their skills some where else in the Financial World. The future of the US MARKET is unknown. It will not be the same free market, buy/sell that started from birth. This is far more damaging to the STOCK MARKET and GLOBAL confidence in the US STOCK MARKET than a Crash. Of course, from what I read on ET, there are plenty who want the gov to bail out XYZ company and restrain shorting opportunities. I mean its being done in the name of the "PEOPLE" and screw those evil shareholders.