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Federal Home Loan Mortgage Corp (FRE) [hlAlert]

Rating:
Underperform
FRE
up 1,507.35 %

Federal Home Loan Mortgage Corporation (FRE) rated Underperform with price target $1 by Credit Suisse

Posted on: Monday,  Sep 8, 2008  9:25 AM ET by Credit Suisse

Credit Suisse rated Underperform Freddie Mac (OTCBB: FMCC) on 09/08/2008. Previously Credit Suisse rated Sell Freddie Mac (OTCBB: FMCC) on 12/05/2007.,
when the stock price was $32.79. Since then, Freddie Mac has lost 93.78% as of 08/26/2015's recent price of $2.04.
If you would have followed the previous Credit Suisse's recommendation on FMCC, you would have gained 1507.35% of your investment in 2821 days.

Freddie Mac is engaged in purchasing residential mortgages and mortgage-related securities in the secondary mortgage market and securitizing them into mortgage-related securities that can be sold to investors. The Company purchases single-family and multifamily mortgage-related securities for its mortgage-related investments portfolio. It also purchases multifamily residential mortgages in the secondary mortgage market and hold those loans either for investment or sale. Freddie Mac finances purchases of its mortgage-related securities and mortgage loans, and manages its interest-rate and other market risks, primarily by issuing a variety of debt instruments and entering into derivative contracts in the capital markets. The Company operates in three segments: Investments, Single-family Guarantee and Multifamily.

Excellence in equity and fixed income research is a hallmark of Credit Suisse. Globally, our equity research analysts provide in-depth coverage of over 2,500 companies and engage in a knowledge-sharing, value added culture that has yielded the most insightful product for our customers and tremendous competitive results. Additionally, Credit Suisse's powerful macro-economic and debt strategy teams integrate the bank's comprehensive company research with keen market perspectives of the ever-shifting investment terrain.
as of 1/1/0001
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(*) Stock Price at the time of the recommendation.
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