Freddie Mac (FRE) is a SELL
July 20, 2008
FRE has only one way to go and that is down. They are thinly capitalized and will only find a bottom after it hits bottom. By bottom I mean Zero or something very close to it. Short term it will probably rise because shorts are being forced to cover but longer term they have big problems. A change in accounting regulations is the only thing that will save them. -NM
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