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Enter Symbol:
 
Federal National Mortgage Association (FNM) [hlAlert]

Rating:
Sell FNM
down 59.81 %

Federal National Mortgage Association (FNM) rated Sell by Argus

Posted on: Tuesday,  Sep 9, 2008  10:25 AM ET by Argus

Argus rated Sell Fannie Mae (OTCBB: FNMA) on 09/09/2008, when the stock price was $0.88. Since
then, Fannie Mae has gained 148.86% as of 08/27/2015's recent price of $2.19.
If you would have followed this Argus's recommendation on FNMA, you would have lost 59.81% of your investment in 2543 days.

Fannie Mae is the largest non-bank financial services company in the world. It operates pursuant to a federal charter and is one of the nation's largest sources of financing for home mortgages. Fannie Mae is working to shrink the nation's homeownership gaps through an American Dream Commitment to increase homeownership rates and serve targeted American families by the end of the decade. (Company Press Release)

Argus Research is an independent research firm, and our business is producing, distributing and marketing high-quality investment and economic research. Our recommendations - BUY, HOLD and SELL - reflect the judgment of an analyst about a company's prospects as an investment in terms of value, expected growth and risks. Argus Research does not bring companies public, advise companies on mergers and acquisitions, broker trades, make markets in stocks or manage money. Our independence allows us to make critical judgments about companies that we might not be so free to make were we competing for a firm's underwriting business. Because we're not a broker/dealer, we don't have "inventory" of a stock that we have to move with a tainted recommendation. We have developed a six-point system for analyzing the stocks in our Universe of Coverage. We believe that this system
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(*) Stock Price at the time of the recommendation.
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