Professional
Added to YB: 2026-02-05
Pitch date: 2026-02-03
FNMA [neutral]
Federal National Mortgage Association
-2.33%
current return
Author Info
The Lion's Roar is searching for the next long/short idea. Primarily US, SMID cap focused, but looking for value everywhere. Sign up for the newsletter.
Company Info
Federal National Mortgage Association provides financing solutions for residential mortgages in the United States.
Market Cap
$48.4B
Pitch Price
$8.16
Price Target
N/A
Dividend
N/A
EV/EBITDA
N/A
P/E
-24.66
EV/Sales
N/A
Sector
Financial Services
Category
special_situation
The Lion's Roar - Outside the Box Investments | Q4 2025 Investor Letter - Fannie Mae (FNMA)
FNMA (exited position): 493.6% return over 12yrs vs S&P's 321%, benefited from conservatorship exit expectations. Sold Q4 as risk/reward shifted - uncertain IPO valuation/timing, unclear common shareholder treatment, mortgage rate impact questions. Still hold preferreds as safer bet on privatization at par value.
Read full article (2 min)