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美国已经光速步入共产主义
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2008-09-11 22:44:00
Caffeine, can you explain why are F&F stock prices still low after bail out by the govt?
Thanks!
[此贴子已经被作者于2008-9-11 22:44:21编辑过]
bailout有两个目的。第一个是救美国政府国际上的名声,第二是帮助房市缓回来。两个都是为了FF继续发行债务做新的房贷来的,和equity holders没关系。和常识恰恰相反,在bailout的时候如果给了很高股价,就会产生所谓moral hazard,让老百姓背share holders的包袱,所以bear的做法就是一个典型的例子。而且既然没有了dividend,那股票也就没啥长期投资的价值了。短期玩玩挺好,但是其实没有fundamental value.
Thank you sooooooo much! I finally understand it.
We are practicing day trading so we only care short term performance. I think F&F would bounce back a little bit from 70 cents in the short term. I expect LEH to bounce back a little bit as Bear did in March.
Please comment on my view. Thanks!
到底了
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