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.
You say it isnt bought but yet it connects you to the company.
Texting Botox to go800 gets you Allergan the manufacturer and distributor of botox to physicians. Im a physician and this is impressive. Do you think there are company words floating around out there that work that do not generate revenue because of a trial basis or something? Just curious if anyone knows.
Texting JPM to Go800 gets you JP Morgan
1st post here. 2,570,000 shares strong and long.
Pics! of Ike signing in China 6/25/2010!http://go800corp.com/page/532/goip-signs-5-million-loi-with-chinese-industrialist-from-nanjin-photos
go ahead and sell and pay your 40% capitals gains. Warren Buffett wouldnt own a stock he didnt plan on holding for at least 10 years
2.21 million strong and counting!!
the 2 other suits: read msg 172570 It mentions shareholder suit against fdic and jpm not included in settlement. Then in a press report it mentions the company will settle 2 other suits. Could this be the 2 other suits? (The shareholders suit against jpm and fdic)
There's a greedy exec at JP
Who tried to screw the WAMUERS you see
Just like Madoff he got a new prison loft
Dont drop the soap JD
261,000 and counting and laughing to the bank!
PPS up with bank earnings this coming week?
Approval of SETTLEMENT ON PACER! 4 minutes ago See PACER (Docket #1183) in the Delaware Bankruptcy Case (Index No.
08-12229)
Motion to Approve Compromise under Rule 9019 Motion of Debtors
Pursuant to Section 105(a) of the Bankruptcy Code and Bankruptcy Rule
9019(a) for Approval of Settlement with JPMorgan Chase Bank, N.A.
Filed by Washington Mutual, Inc.. Hearing scheduled for 7/27/2009 at
02:00 PM at US Bankruptcy Court, 824 Market St., 5th Fl., Courtroom
#4, Wilmington, Delaware. Objections due by 7/14/2009. (Attachments: #
1 Notice # 2 Exhibit A# 3 Exhibit B# 4 Exhibit C) (Riffin, Timothy)
(Entered: 06/19/2009)
it was from the wall street journal
blog from wall street here
Deal Journal
An up-to-the-minute take on deals and deal makers.
Paulson, Bernanke & Lewis: Who Told Who What? Beware the Wall Street Salary Monster
June 30, 2009, 12:45 PM ET J.P. Morgan & WaMu: Let’s Go Back to the Beginning
Article Comments (28) Deal Journal HOME PAGE »Email Printer Friendly Permalink Share:
Yahoo! Buzz facebook MySpace LinkedIn Digg del.icio.us NewsVine StumbleUpon Mixx Text Size
By Jodi Xu
When the deal was struck in September, J.P. Morgan Chase’s purchase of most of the collapsed Washington Mutual Bank looked like a master stroke, a $1.88 billion purchase price for operations expected to boost annual earnings more than $2 billion. In the first quarter alone, revenue jumped 48%, in part reflecting the impact of the WaMu purchase.
Bloomberg News
Buildings are reflected in the window of a Washington Mutual ATM in New York in September.
But at least part of the deal is getting a second look, as Delaware Judge Mary Walrath on Friday granted a motion from the thrift’s parent, Washington Mutual Inc., to examine J.P. Morgan’s books.
At issue is $4 billion of depository accounts at the holding company that both J.P. Morgan and WaMu Inc. claim ownership of. In court documents, J.P. Morgan said it assumed that when it bought WaMu from the FDIC, it took on all the thrift’s assets and liabilities. (It acquired more than $180 billion of deposits in the deal.) J.P. Morgan “expressly assumes…and agrees to pay, perform, and discharge, all of the liabilities of [Washington Mutual Bank]…including the Assumed Deposits…,” court documents stated.
WaMu attorneys said “the Deposits were property of the Debtors estates” and “would be used to fund distributions to creditors.”
The brouhaha is somewhat reminiscent of the recent Lehman Brothers attempt to revisit its September sale of assets to Barclays, which Deal Journal wrote about here. There a judge agreed to allow Lehman to probe Barclays books, saying the extraordinary speed of the deal, days after Lehman failed, warranted review. “It’s conceivable mistakes were made. The notion that there may have been a misunderstanding or even an innocent misrepresentation, as opposed to a willful one, is entirely possible” that the speed of the September sale of the Lehman operations out of bankruptcy-court proceedings, the judge ruled. (The FDIC sold WaMu within a day after seizing the assets.)
In the granting the WaMu motion, Judge Walrath said that giving WaMu Inc. access to J.P. Morgan documents was appropriate because the examinations would be “discovering assets, examining transactions and determining whether wrongdoing has occurred.” The judge also said “JP Morgan had misapplied the pending proceeding rule since WaMu’s motion did not seek evidence related to the bank’s adversary proceeding.” (WaMu previously sued the FDIC for selling the WaMu assets its seized in September too cheaply to J.P. Morgan.)
Tax refunds, intellectual property and contractual rights, assets associated with the old Washington Mutual, push the total value at stake to more than $10 billion, according to an attorney for WaMu. “WaMu will be left with nothing to pay off the creditors if the dispute is not properly settled,” said Rafael X. Zahralddin-Aravena, attorney from Elliott Greenleaf, which is representing WaMu. “The grant allows us to investigate further.”
J.P. Morgan’s attorneys couldn’t be reached for comment.
J.P. Morgan over the weekend filed a motion for reconsideration, according to people familiar with the matter. WaMu plans to respond to the motion in the coming weeks. J.P. Morgan also said in last Wednesday’s hearing that it planned to file an Interlocutory Appeal to ask the court to allow the issue to be heard by a higher court.
when was subpoena public knowledge?
im either stupid or uncanningly smart
im 231,000 strong and buying
out of the game and miss the move.
I quadruple down at .01!!
I know where it will be at the end of the day!
Cahching!! When we come out of BK and commons not cancelled
DEPENDS FULL!!
buy fear, sell strength
when is our next court date?
I believe is was the request for reversing the discovery decision that was denied. When was this court document dated?
wait till Jan. resistant point again soon!
Thats the real test. Will this be the point big money dumps its cash into the market again like they did in March.
buy on the way down, sell on the way up!
Hopefully news before earnings season coming up!!!!!
The powers at be have to have a way to psychologically kick start this economy. What better way than to have this Washington Mutual get justice! Common powers at be, the amercican people aint stupid you know. Wait to Michael Moore gets ahold of this if we are dont wrong any further. The whole world will come to know what a bunch of crooked swindlers run our country.
Hey Guys check out the key stats from Etrade and tell me what you think.
Key stats pasted here show 89.2 billion in debt
Yahoo!My Yahoo!MailMore Yahoo! ServicesNews
Sports
EntertainmentGet Yahoo! Toolbar
Make Y! My HomepageGet Yahoo! ToolbarAccount OptionsNew User? Sign UpSign InHelpYahoo! Searchweb search
Sun, Jul 5, 2009, 1:17AM ET - U.S. Markets closed Dow 2.63% Nasdaq 2.67%
HomeInvestingMarket OverviewMarket StatsStocksMutual FundsETFsBondsOptionsIndustriesCurrencyEducationNews & OpinionMarketsInvesting IdeasExpert AdviceSpecial EditionsCompany FinancesProvidersPersonal FinanceBanking & BudgetingCareer & WorkCollege & EducationFamily & HomeInsuranceLoansReal EstateRetirementTaxesHow-to GuidesMy PortfoliosSign In to Create/Edit My PortfoliosFree trial of Real-Time QuotesTech TickerGet QuotesFinance Search
Washington Mutual Inc. (WAMUQ.PK) On Jul 2: 0.0970 0.0020 (2.02%)
MORE ON WAMUQ.PK
Quotes
Summary
Real-Time
Options
Historical Prices
Charts
Interactive
Basic Chart
Basic Tech. Analysis
News & Info
Headlines
Financial Blogs
Company Events
Message Board
Company
Profile
Key Statistics
SEC Filings
Competitors
Industry
Components
Analyst Coverage
Analyst Opinion
Analyst Estimates
Research Reports
Star Analysts
Ownership
Major Holders
Insider Transactions
Insider Roster
Financials
Income Statement
Balance Sheet
Cash Flow
Key Statistics Get Key Statistics for:
Data provided by Capital IQ, except where noted.
VALUATION MEASURES
Market Cap (intraday)5: 164.84M
Enterprise Value (5-Jul-09)3: 77.12B
Trailing P/E (ttm, intraday): N/A
Forward P/E (fye 31-Dec-09) 1: N/A
PEG Ratio (5 yr expected): N/A
Price/Sales (ttm): 0.11
Price/Book (mrq): 0.01
Enterprise Value/Revenue (ttm)3: 51.76
Enterprise Value/EBITDA (ttm)3: N/A
FINANCIAL HIGHLIGHTS
Fiscal Year
Fiscal Year Ends: 31-Dec
Most Recent Quarter (mrq): 30-Jun-08
Profitability
Profit Margin (ttm): N/A
Operating Margin (ttm): -465.37%
Management Effectiveness
Return on Assets (ttm): -1.98%
Return on Equity (ttm): -24.44%
Income Statement
Revenue (ttm): 1.49B
Revenue Per Share (ttm): 1.662
Qtrly Revenue Growth (yoy): N/A
Gross Profit (ttm): N/A
EBITDA (ttm): N/A
Net Income Avl to Common (ttm): -9.59B
Diluted EPS (ttm): -10.703
Qtrly Earnings Growth (yoy): N/A
Balance Sheet
Total Cash (mrq): 12.29B
Total Cash Per Share (mrq): 7.234
Total Debt (mrq): 89.24B
Total Debt/Equity (mrq): N/A
Current Ratio (mrq): N/A
Book Value Per Share (mrq): 13.355
Cash Flow Statement
Operating Cash Flow (ttm): 10.31B
Levered Free Cash Flow (ttm): N/A
View Financials (provided by EDGAR Online):
Income Statement - Balance Sheet
Cash Flow
ADVERTISEMENT
TRADING INFORMATION
Stock Price History
Beta: N/A
52-Week Change3: N/A
S&P500 52-Week Change3: -29.02%
52-Week High (24-Sep-08)3: 3.49
52-Week Low (22-May-09)3: 0.02
50-Day Moving Average3: 0.103
200-Day Moving Average3: 0.062
Share Statistics
Average Volume (3 month)3: 12,220,300
Average Volume (10 day)3: 11,675,200
Shares Outstanding5: 1.70B
Float: 1.69B
% Held by Insiders1: 13.65%
% Held by Institutions1: 0.70%
Shares Short 3: N/A
Short Ratio 3: N/A
Short % of Float 3: N/A
Shares Short (prior month)3: N/A
Dividends & Splits
Forward Annual Dividend Rate4: N/A
Forward Annual Dividend Yield4: N/A
Trailing Annual Dividend Rate3: N/A
Trailing Annual Dividend Yield3: NaN%
5 Year Average Dividend Yield4: N/A
Payout Ratio4: N/A
Dividend Date3: 14-Aug-08
Ex-Dividend Date4: N/A
Last Split Factor (new per old)2: N/A
Last Split Date3: N/A
Add to Portfolio Set Alert Email to a Friend
Get Key Statistics for Another Symbol: Symbol Lookup
• Annual Reports • Sector Analysis
See Key Statistics Help for definitions of terms used.
Abbreviation Guide: K = Thousands; M = Millions; B = Billions
mrq = Most Recent Quarter (as of 30-Jun-08)
ttm = Trailing Twelve Months (as of 30-Jun-08)
yoy = Year Over Year (as of 30-Jun-08)
lfy = Last Fiscal Year (as of 31-Dec-07)
fye = Fiscal Year Ending
1 = Data provided by Thomson; 2 = Data provided by EDGAR Online;
3 = Data derived from multiple sources or calculated by Yahoo! Finance;
4 = Data provided by Morningstar, Inc.;
5 = Shares outstanding is taken from the most recently filed quarterly or annual report
and Market Cap is calculated using shares outstanding.
I think september we will see an awesome number in PPS
It wont be anything near what it is now. Im in this from September price. Ive felt all along that would be a month to cash in. Guess we'll see. Im not saying it will be the highest mabey it wont even be a buck but it will be way different than what it is now. These boring sideway trading days hanging at .10 like it did at .02 will be a distant memory.
It will be fun to see if we break through this resistance.
I think we test .13 soon as the market moves during this earnings season. We past January's resistance (peak point) in June and it came down. Im talking about the nysa chart. We seem to follow it now. If the hedge funds dive into this market if we pass the critical resistance point this monday and tuesday then the market will be fun and run some and I feel wamuq will follow it just like it did in the previous rally. Another approach would be to cash out 20 percent on a jump and if it goes down you have pocketed some profits and can buy back in. Cramer says its arrogent to sell all at once because if it runs you loose. He explained this awesome pyramid approach to buying and selling the other day. Sell in increments on the way up with the top (if you pick it right) being the largest sell) and buying on the way down with your smallest buy on the first drop and increasing the buys as you trickle down with your largest buy being the last before it goes back up. The first sell is the smallest and the first buy is the smallest. Also picking stocks that are upgraded on a bad market day is brilliant because these stocks dont go up like they should on the bad market day but the next day after every one was selling like crazy then it will go way up like it should, you cash out that day. Just thought Id share some tricks I found cool. Wish I had done that in the past. I can think of many circumstances that I would have made a killing with this approach. This could be an approach untill the next court date. Then again to hold is good to. I just hate missing out on these up and downs. I could have made 8 grand and the last up and down and just stood frozen. Im going to take some profits this next bump up and try this approach and buy back in. I think Mon and Tues will be up.
wish the major news networks would comment on this
and then a huge public opinion would move this stock to
where it rightfully needs to be
They seem to comment on GM bk etc and other news stories but
this story they dont comment on. I would think this would be a major major story. Its evidence in my opinion of the press etc being corrupt. Its an argument for them being corrupt along with the other powerfull entities envolved.
is wamus assets including the 4 billion they are trying to get from JPM? or do what they have listed as assets not include this. It would be great if does not include this because as of not it sucks that L>A by 500 million dollars it seems.
the numbers keep changing
do the final numbers show A>L this is critical
even in a buyout we could end up with a reverse split
i say we all short jpm
I think we go way up the second week of july during earnings season
I think by end of sept we are over a buck
by years end who knows, I believe a lot will be multimillionairs.
I hope we hear word of settlement. Either way is golden.
balls of fury to play here Risk it all for the thrill of it all
Our day will come
its a speculation play
bernanky (whatever his name is) is on the hot seat and discussing now the meryl lynch thing.
Cant wait untill shelia Bair is on the hot seat with JD explaining the theft of wash mut. to the world.
HAHA
Green Sea I swim in thee