Kyle Bass has just unveiled a new position in GM (GM, Financial). He believes that the stock could increase by 40% in fairly short order.
The catalyst for the near term rise will be the US Treasury finishing selling the last of its share in the company.
Bass thinks that a 25% increase in GM could happen within weeks.
Why should we listen to Bass? Because he made half a billion shorting the housing bubble while managing a fairly small hedge fund.
Enjoy the video:
