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International Business Times UK
International Business Times UK
Niloy Chakrabarti

Michael Burry Concurs With Bill Ackman Over Fannie Mae, Freddie Mac's Potential 10X Returns

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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