| Company: | Federal Home Loan Mortgage Corporation |
| Web Site: | http://www.freddiemac.com |
| Purchase Price: | $3.05 |
| Current Price: | Click Here |
I've moved about $1,000 into my Penny stock account to take a gamble on Federal Home Loan Mortgage Corporation, affectionately known as "Freddie Mac" - in hopes that it's a daring move that will pay off nicely ...
The mortgage giant is beleaguered by write-offs, and industry pundits seem to expect that the company will soon need a federal bailout that will devastate, perhaps completely eradicate, shareholder equity, and the price has plummeted from a 52-week high of $65.88 to a mere $3.05 a share ... making it a "penny stock" by the "less than $5 per share" definition.
The doomsayer's predictions are possible - and many would say that they are likely - but there remains a good chance that the company will pull out of its crisis, or that a government-engineered plan to save it (and keep the mortgage markets fluid) may not be as damaging to the current investors.
Though the disclaimer at the top of my blog discourages readers from following my (risky) investments in this portfolio, it's worth repeating for this one specifically: this is a big risk, and I strongly discourage anyone from tailgating me on this gamble.
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