Posts for Ticker ‘AGM’

Farmer Mac Raises Needed Cash, At Steep Price (AGM)

Farmer_mac_logoFarmer Mac, or Federal Agricultural Mortgage Corp. (NYSE: AGM), has been up against the ropes and reviewing its alternatives.  Things have been so bad that at a $4.10 close, that is down from a 52-week high of $34.93.  If you just went away part of the summer and were thinking how well farmers were doing, that has changed as Farmer Mac’s investments in GSE’s and Lehman have hurt to the point that it cannot adequately make loans to farmers. 

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Posted on: October 1, 2008 – 7:34 am in Agriculture, Financial Stocks,