Of interest: According to WaMu’s last annual report, the parent company held a $26.3 billion dollar investment in their banking subsidiaries, WMB and WMBfsb. While this investment was zeroed by the FDIC’s seizure it still has value as a capital loss against future corporate income and therefore an asset. At a 35 percent federal income tax rate the value of the loss is worth $9.2 billion in future tax savings, a definite reason for the company to pursue reorganization. The 10-K also listed $1.1 billion in non-bank subsidiaries, and $1.9 billion of other assets. Yet WaMu’s current MOR replies with only $1.4 billion of subsidiaries and $100 million of other assets. Where is the rest?

For WaMu mum is the word. The MOR clearly states that it is unaudited. Furthermore the operating report indicates that the company’s investment in its subsidiaries represents only book value and not the market value of these entities. In other words, there is likely hidden value.

Sorry, cup w handle on 1 month basis, not 1 week.

FARE is setting up a cup w handle pattern on a 1 week basis. All it needs now is a handle consolidation to around .15 then it will shoot up once the weak holders are out.