T2’s Tilson Says Fannie and Freddie ‘Good for America’

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tommer1959 • 8 minutes ago Flag

Here's Bill Ackman's Presentation On How You Can Make An Insane 1,000% Return Betting On Fannie Mae Read more: http://www.businessinsider.com/bill-ackman-fannie-mae-presentation-2014-5?op=1#ixzz312jjMi7q

ctivist investor Bill Ackman, the CEO of Pershing Square Capital Management, is bullish Fannie Mae.
Ackman gave a 110-slide presentation at the 19th annual Sohn Conference yesterday, detailing why he's bullish on the government-controlled mortgage giant.

According to Ackman, the potential return is tenfold.

Fannie's stock is trading just above $4 per share. Ackman sees the stock price ranging from $23 to $47 in the future.

Fannie and Freddie needed massive bailouts amid the financial crisis but have in recent quarters become wildly profitable again. And a number of hedge funders have been bullish for a while.

Ackman's Pershing Square owns 115,569,796 shares of Fannie and 63,505,693 shares of Freddie Mac.

As Ackman puts it, this investment is like "owning a royalty on the housing-finance market."

disclosure: I'm with Bill 
T2’s Tilson Says Fannie and Freddie ‘Good for America’ 
  May 6, 2014 7:56 PM GMT+0800 

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Whitney Tilson, managing director at T2 Partners Management LP, says the Federal National Mortgage Association (FNMA), known as Fannie Mae, and the Federal Home Loan Mortgage Corp., known as Freddie Mac should continue to operate but must be made safe from tax payer bailout in the future. Tilson talks with Bloomberg’s Pimm Fox and Carol Massar on Bloomberg Radio’s "Taking Stock" on May 5th at the Sohn Investment Conference in New York City.

Location: Wall Street, New York, NY, USA

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