Reported 10 months ago
Billionaire investor Bill Ackman believes that under the incoming Trump administration, shares of Fannie Mae and Freddie Mac could soar by nearly 900%. After being placed under conservatorship in 2008, there are signals that these government-sponsored entities might exit conservatorship, allowing them to retain profits and build capital. Ackman argues that with strategic adjustments from the administration, their stock values could reach around $34 per share, despite the inherent risks and uncertainties surrounding these investments.
Source: YAHOO