Jump to content

IDS World Markets Fri 11th July 08


Recommended Posts

  • Replies 342
  • Created
  • Last Reply

From the Notable Quotes Dept:

 

Take Freddie Mac, which is off more than 20% today and more than 75% since the beginning of the year. As of the end of March, Legg Mason was one of Freddie?s largest shareholders. Miller has been adding to his position all the way down.

In a recent interview with Asian Investor magazine, Miller justified that buying. ?In dumping shares of Freddie Mac over credit concerns, investors missed the point.?Freddie Mac and Fannie Mae are a solution to, rather than cause of the credit crisis?.Freddie is trading in the low $20s and we believe should earn half that price or $10 within five years.?

 

wsj.com

Link to comment
Share on other sites

Archived

This topic is now archived and is closed to further replies.

  • Tell a friend

    Love Stool Pigeons Wire Message Board? Tell a friend!
  • Recently Browsing   0 members

    • No registered users viewing this page.
  • ×
    • Create New...