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Book Value Per Share (mrq): 13.355 ?
WaMu filed for Chapter 11 protection on Sept. 26, citing approximately $33 billion in total assets and $8.2 billion in debts. >
Doesn't seem upside down does it?
Good...I hope so...dont want to see this drag on.
Wow...now that's a different angle to all of this. :>
No problem..hope you are having a wonderful Fourth!
Yes i believe they took themselves into BK for protection until they sorted this thing out then the plans are to re emerge...hopefully without harm to the common.
Yep agree...
That was a very rare occurance
$24? Heck make it $36... $12 wont happen and no i'm not being negative...You are not going to see a .10 stock go to $12. not going to happen. $3-$4 perhaps
<...citing $33 billion in total assets and $8.2 billion in debts.>
Certainly not the type of debt structure that requires a "seizing" WOW!
Right..it would be assumed that the $4 Bill comes back. Thanks..
So if she is letting them arrive at a settlement the judge would award the $4 billion back on top of any settlement?
I'm hoping not bust but the longer it take to get the $4 billion the more I am thinking that way...
Showing some nice strength here..
I would rather take the $1 pre reverse than $20 post reverse. Do the math.
Yep..thanks.
Vic...I was being a smart alec as that is the little disagreement i have going with diamond who insists (though he is starting to crack) that it will be settled at $12. I feel that if we see anything at aprx $3...be very very happy..if it even gets settled anytime soon.
Yep a bit frustrating..we are getting farther away from Diamonds $12 prediction not closer.
If that were to happen ($1) are you going to sell part and hold for settlements? or hold all? sell all? If Diamond is that sure about $12 that would only be 1/12 of the potential?
Jim
Thanks...I will tell you...here in Washington, JPM remains the devil and WAMU can do no wrong. If WAMU decides to be in banking..watch out JPM.
So perhaps we could readily get back in the banking business.
I don't know why it would be until the judge gets off her duff and starts making some decisions. Hope so!
Yes I know...it's kind of like giving facts on a flower...doesn't mean it won't wither and die.
The longer this goes the more worried I become. Certainly it is in control of the mm's now with little movement to either side. I hope the judge does the right thing...
Like I said before, I dont trust the government, and they are totally involved here.
~regards,
Jim
I like you diamond for your unfettered enthusiasm, however I believe your $12 prediction is just that..a prediction without any substantiated backing..but I like the enthusiasm and hope you are right.
I dont think old Scrushy has much left..
Wouldn't it be just the thing to get 1 for 4 JPM stock then have JPM stock worth nothing because of all the protraced lawsuits...they file BK? You never know...Now we have a separate lawsuit against JPM for pre common holders.
Still the attorney needs to be reminded of his words.... Judges are human...lest we forget that.
Yes that would be interesting..I dont expect much more of a drop after R/S...if R/S
Could be a ploy..who knows? Sure would love to see a deal but that is most likely not in the cards...perhaps it is as simple as wanting share price higher prior to split. This company is interesting nonetheless. I'm loaded up and holding till FDA or it dies.
WOW GREAT NEWS..SHOULD SEE NICE LIFT TOMORROW!
Long hill climb..wont be a quick settlement..inmho
Yep...That's my thinking.
You know..I would too.. :>
I'm a business guy not of a legal mind...my gut says no reversal of seizure? You kiddin me.. It's a done deal..best we can hope for is a settlement in cash or stock of JPM.
I agree... and I am in the NW as well. WAMU could eat their lunch if they get it together.
Decimals are in the wrong place... poster meant .01 .02 .03 and so on...
1 FOR 10? YOU WERE DREAMING... AND YOU POSTED IT AS 10/1 WHICH MEANS YOU DONT UNDERSTAND A REVERSE IN THE FIRST PLACE
Ok..thanks
Well..it's about to get very interesting..if it goes that far.
Thanks...Jim
Thanks!