Bove Sees More Upside For Fannie Mae 8.25 Junior Prefs

As talks about Fannie Mae and Freddie Mac exiting conservatorship continue to swirl, investors and analysts are paying especially close attention to the government-sponsored entities’ stocks, especially their preferred shares. Several big hedge funds are banking on a big-time payday from Fannie’s and Freddie’s preferred shares when the GSEs finally do leave conservatorship, where they’ve been languishing for the last decade.

Q4 hedge fund letters, conference, scoops etc

Now well-known bank analyst Dick Bove of Odeon Capital says he does see further upside ahead for Fannie’s preferred shares—specifically, the 8.25 Junior Preferred shares.