Michael Shulman
Michael Shulman is the editor of ChangeWave Shorts, a newsletter advisory service that helps individual investors make money on the short side of the market.
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Portfolio Killers: 8 Zombie Stocks to AvoidMarch 10, 2009 By Michael Shulman, Editor, ChangeWave Shorts |
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Zombie Stock #4: Fannie Mae (FNM)/Freddie Mac (FRE)
I lump these zombies – our first zombies – together because everyone else does.
You and I are now the proud owner of these lifeless monsters, which have hundreds of billions of dollars in obligations on mortgages of declining quality.
What's more, for political reasons, their future will not be resolved for several years.
True shareholder value: zero
NEXT: Zombie Stock #5 – JPMorgan Chase
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