Anyone considering Investing in FNMA Stock long term?

[Mehran K.]

I don't know much about the stock market but It would seem FNMA's stock would be tied to the real estate market right? It used to be at over $60/share and now its at 88 cents/share. They are posting record profits and I figure it's only a matter of time before it begins to rise again.

You're thoughts?

[Mehran K.]

Haha I won't be mad at you but you may get a call at 3am on a Sunday from me saying "Rob, my stock is at 27 cents, my feet be cold."

I'm going to pick up some, It will be nice to observe over the next couple years how closely tied its value is to what's going on in the RE Market. I really like the idea of keeping an eye out for undervalued stocks in improving industries.