Oksenholt Capital Challenges Pershing Square’s Discounted Freddie Mac Valuation

Oksenholt Capital Management LLC, based in Scottsdale, Arizona, has challenged Pershing Square’s valuation analysis of Freddie Mac (FMCC). They argue that Pershing Square has underestimated the earnings multiple of Freddie Mac compared to Fannie Mae (FNMA). While both agree that Fannie and Freddie have the potential for substantial value beyond current market prices, Oksenholt Capital Management believes Pershing Square has undervalued Freddie Mac. This disagreement is significant as it pertains to the valuation of these renowned franchises.