http://www.kiplinger.com/columns/picks/archive/2007/pick1129.htm
Rich Pzena made a compelling case for Freddie Mac as a value play at last week's Value Investing Conference. Based on his Mr. Pzena's discussion, my own research, and my belief that a bottom is forming in the stock market, I took a position in Freddie Mac on Friday. I continue to be concerned with the lack of congressional reform of Freddie and Fannie but the upside potential after the correction is just too compelling. I also increased my position in Bank of America last week.
Disclosure: at the time of this posting the author was long FRE and BAC.
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