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International Business Times UK

Business

Niloy Chakrabarti

MYSTERIOUS: Michael burry concurs with bill ackman over fannie mae freddie mac s potential 10x returns - What They Never Told You

Bill Ackman Michael Burry Fannie Mae Freddie Mac X Fannie Freddie Donald Trump United States Pershing Square

Michael Burry bought GameStop shares before it was a meme stock. (Credit: Facebook.com)

Shares of Fannie Mae and Freddie Mac surged to record double-digit gains after Pershing Square's Bill Ackman said in a post on X that the companies are 'stupidly cheap' and could offer investors a 10X return.

'Fannie and Freddie are stupidly cheap. Asymmetry at its best. They could be a 10X, and it could happen soon,' Ackman said in a recent post on X.

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