With all the troubles that Fannie Mae and Feddie Mac are facing, David Dreman is urging investors to stick to them: “If you own either of these stocks, hang in there. If you don't, buy them. They're cheaper. Fannie Mae trades at an estimated 6 times trailing earnings, giving you a margin of safety even if earnings are restated downward. Freddie is at 15 times earnings.”
http://www.forbes.com/opinions/free_forbes/2005/1128/258.htm
http://www.forbes.com/opinions/free_forbes/2005/1128/258.htm