Fannie Mae-No Politics (FNMA)

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Tilson elaborated, "Fannie Mae (in which I have a ~3 percent position) was up 34 percent yesterday and is up another 12 percent today because, at long last, the truth is coming out: the government seized all future profits of the GSEs […] not because they feared ongoing losses, but precisely the opposite: because they realized Fannie and Freddie were about to become massively profitable."

Following this recommendation, Tilson quoted Fannie's former CFO Susan McFarland, calling her testimony "damning to the government's case" and concluding, "Mark my words: this is the turning point. Now that the lie has been exposed, the courts will overturn this illegal seizure and the stocks of the GSEs will be multi-baggers from here."



Read more: http://www.benzinga.com/analyst-ratings/analyst-color/16/04/7857486/tilson-howard-hughes-and-fannie-mae-are-my-2-favorite-st#ixzz46OEZXJfp