Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
If we could get paid by the hour for being on this board... I would be a millionaire by now :)
I doubt it will be "okay" if they get face value and you are sitting there holding your ...
Question, as you know the preferreds have a par value of 25, 50, and 1000. Does that mean they are capped off at that price or can the PPS exceed the current par value?
Thanks in advance.
Sidedraft... I applaud you too. I must have flipped this stock at least 20 times now and moved everything into preferreds, but I think commons will come out smelling like a rose too.
Time to suit up... I'm ready :)
LOOK 8-K
Form 8-K WASHINGTON MUTUAL, INC For: Apr 30
4:41 p.m. 04/30/2009 Provided by
http://xml.10kwizard.com/filing_raw.php?repo=tenk&ipage=6293444
Filed on: April 30, 2009
LOOK 8-K
Form 8-K WASHINGTON MUTUAL, INC For: Apr 30
4:41 p.m. 04/30/2009 Provided by
http://xml.10kwizard.com/filing_raw.php?repo=tenk&ipage=6293444
Filed on: April 30, 2009
LOOK 8-K
Form 8-K WASHINGTON MUTUAL, INC For: Apr 30
4:41 p.m. 04/30/2009 Provided by
http://xml.10kwizard.com/filing_raw.php?repo=tenk&ipage=6293444
Filed on: April 30, 2009
Wow, that is a powerful document to have our hands on. There is no way this was suppose to be released to the public.
Thank you!
It's all in the I-BOX... Here you go...
WASHINGTON MUTUAL CAPITAL TRUST 2001
SEC filings: http://edgar.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1143930&owner=include&count=40
Total Outstanding Shares/Units: 10,073,595
WAHUQ - These are Trust preferred shares/units, and are the very first to get paid due to restructuring/liquidation, even before preferred shares.
Original face value $50 with a warrant to purchase 1.2081 shares of common stock of Washington Mutual,inc. There are only 10,073,595 shares/units trading.
WAHUQ shares were not issued directly by WMI, they were issued by WM Capital Trust 2001, as junior unsecured creditors to WMI.
WAHUQ shareholders are subordinate bondholders for WMI.
Holders will get paid after senior unsecured debts, and before other preferred shares of WMI. If WMI doesn't have enough assets to pay off WAHUQ the full $50/share, then the other two preferred stocks will get paid nothing.
Many people don't know WAHUQ is trust preferred stock, that means it is subordinate unsecured debt to WMI.
WaMu Capital Trust 2001 was created in 2001 solely for WMI to generate its capital funds in the tax benifit way. WMI borrowed $503.7M from the company's trust, and the trust issued and sold 10.08M preferred shares at $50/share for that amount. WMI has to pay back this $503.7M debt to the trust, then the trust would distribute to shareholders.
Be careful... don't get caught with your pants down :)
GLTY
LMAO. You better call him and tell him to sh*t or get off the pot. This one is going to fly high :)
Am I the only one who feels that HUQ are a steal at this price $7.40 per share?
I accumulated a bunch of shares today hoping this one will pop like the others.
Any thoughts?
Lets get this board poppin.
Just bought a couple thousand shares of HUQ. 7.45 is a steal on those right now.
NO NEED TO FEAR...WAMUQ MAN IS HERE.
Any thoughts on how the reorg delay may impact the PPS next week. I need to pickup some more shares.
It held strong today, but not sure about next week.
They are reaching out to knock out stop limits.
go go go WAMPQ~~~
L2 anyone. Thank you!
I haven't been able to locate any information showing there is a delay. I checked KCC website and there is nothing for today.
Where did this information come? Did it come from "Z"?
I'm shaking :) Now lets move it up!!!
OMG!!!! I left for work 30 minutes ago and it was 19.85 and now 29+. Holy COW!!! I can't even write... :) GO WAMPQ!!!!
BRING THE BIG BOYS IN NOW!!!
Making money always makes me forget about things, but then again so does alcohol. Have a beer and relax... I think you might see close to 15.00 tomorrow, hopefully more.
Welcome to PQs. Now lets get the next leg up
I had a thought of selling a piece and buying some more back...but that was just a thought :). With my luck this thing would go up and I would have to chase it and get fewer shares than I started with for the day.
Not worth taking the chance.
What if we get full payout of 1000.00 PPS and divis?
I'm looking at them closely. Thank you!
HOLY CRAP!!! FLY BABY, FLY
Thanks for contacting the MMs and straightening them out.
READY, OKAY...
G
O
W
A
M
P
Q
!
!
!
!
WOW YAHOO!!!!
PUSH!!! PUSH!!! SHOW US 8.00 TODAY!!!
Unbeliveable... All those nice buys @.0058 and no movement.
It's in JPM and FDIC best interest to drag this out as long as they can... the longer they put it off the less people will remember, but that is NOT the case here. We will NOT forget and it's well documented so others don't forget.
WE WILL NOT FORGET THE TRAGIC DAY THE FDIC SOLD WAMU TO JPM FOR 1.9 BILLION DOLLARS.
I read and post on several boards and I've noticed that there is a lot of back stabbing on this board. I haven't been able to understand the reason why yet. I have found on other boards that people are sharing their DD and trying to help each other. Yes, there are your so called bashers and pumpers, but there is also intelligent dialogue. I have not seen that on this board.
I think we are all on the same team and trying to achieve the same goal, so let's work together and try to achieve that goal.
If I come across any information that is relevant to this company/stock I will post it. I hope others will do the same.
http://seattletimes.nwsource.com/html/localnews/2009070755_apapearnsjpmorganchasewamu.html
WaMu helped JPMorgan-Chase earnings
The acquisition of Washington Mutual helped JPMorgan Chase report better-than-expected first quarter profits of $2.14 billion.
NEW YORK —
The acquisition of Washington Mutual helped JPMorgan Chase report better-than-expected first quarter profits of $2.14 billion.
The FDIC seized WaMu in September and sold assets to JPMorgan Chase for $1.9 billion.
The WaMu acquisition helped drive JPMorgan's commercial banking unit's income up 16 percent to $338 million.
Its retail banking unit earned $474 million, compared with last year's loss of $311 million.
For the record.. It's Aston Martin, but you guys already know that since you have more than one.
Very good point. Thanks for that.
It could be worse