The Federal National
Mortgage Association (FNMA), also known as Fannie Mae is widely remembered for
its inception during the recession period of 1938 – the company was a part of
an attempt to inject resurgence into the economy and it worked. As is expected
of a large government organization, the company is powerful and rich and a
leading public firm in the financial services sector. In the financial services
AFLAC stock is also one of
the prominent name. However, does it really boast a presence in the stock
market? The latest FNMA quote suggests
that the company is performing, as you would expect of a public firm – the 52
week range of the FNMA stock quote shows
a large variance from a low of $0.68 to a high of $6.35. The company’s
resurgence was hailed by many up until February until it began to dip from its
high point to hover around the $3.5 in recent times.
A company that
continues to boast amazing profits is certainly a treat for potential investors
but experts believe that the resurgence of the Fannie Mae stock may be short
lived amidst various rumors and plans from the Congress to privatize the
company or dismantle it altogether. So while the short-term gains are apparent
for the investors, long-term thinking may provide a negative outlook of the
company and this is something that investors should be concerned about.
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