The Decline and Fall of Fannie Mae

Yesterday, shares of Fannie Mae (FNM) closed at 93 cents. That’s a gigantic fall from the stock’s high of $87.
Still, it’s important to remember how successful Fannie Mae had been in the years before its undoing. In 1981, you could have picked up a share of FNM for just 53 cents (adjusted for splits). So after nearly 30 years, you’d have a 75% profit not including dividends.
Maybe that’s a small consolation but it’s something to think about.

Posted by on June 2nd, 2010 at 12:16 pm


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