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Where are they realizing earnings with them in chapt limbo
Yes, perhaps
How can they give an outperform when there are possibilities...(I said possible) that WAMU common could go under?
That to me is wreckless.
Settle down...how do you get $12 is possible based on what happened today?
Which of course R/S is highly likely.
Alvarez and Marsal probably consulted them to take the bk route for protection.
I totally trust A&M to guide WAMU through this and keep commons intact.
Look at the story of Healthsouth if you want to see A&M at their finest. Ticker (HLS)
4. Lawsuits and damages equaling $25B-$50B. >
Quite high in my opinion...may never realize 50% of that.
$24? He is not even close...
Could be a fun ride... I do like the status of WAMU attornies but what keeps me here is A&M. They kept Healthsouth out of BK (a hurculean task), and I made a good pile of $$$ from that. I trust them to do what is right here and if anyone can keep the commons alive...it is Alvarez and Marsal.
But you are making a foregone conclusion that the $4 Billion is in the bank. I dare say it will be far more difficult than that.
LOL..that was never in the cards.
Then why did they cancel last meeting for R/S Vote?
In case immediatley after the reverse there is an announcement
that sends this higher folks want to hedge their bet...
If it drops..I will buy some more.
Dont spend it...lookin weak here so far.
Yeah we need diamond about now with his $12+ posts....
When dealing with animals this large you don't simply place them in the corner ans guve them "time out"...could be awhile and, ultimately...nothing goes to WAMU holders. I do like Alvarez and Marsal.
yeah he is a giant POS
Agreed...the best attornies in town still have to walk up to the Govt...an almost impossiblefoe.
I say the chance of gettin the money is 40%.
wishful thinking
250-400 baggers>
You are waay above what I'm thinking....what about the $8?
You are thinking $25+?
LOL.........
As I stated earlier...nothing in this case will be easy and the government is not going to lay down without a court battle.
I am now seeing that some on the board understand it will be tougher than originally planned....
It was never my intention to anger anyone when I first posted but I have been in the market for years and it turns me off to read, "$8 coming"..."this is going to $12... not walk from the stock as an investment.
Yes there are unique circumstances here BUT...it still involves the government and ties that run deep, regardless of the attornies WMI has representing them.
That's like $7/sh...you really feel that much?
LOL...That would be nice...All i want to see is the 1st and biggest step..getting back the $4 Billion...that will speak volumes.
discovery phase coming up soon. >
Won't be good for Bair or JPM.
I agree...the $4 billion is the hurdle here...If we get that there are many possibilities going forward.
Great read thanks for posting.
Ok thanks...$4 billion first...baby steps.
Would be nice to see them have enough to come out of BK, begin purchasing some banks and for the common to slowly rise..
That JPM board is giving me an optimistic outlook towards a favorable decision in WAMU's favor...Seems they are getting quite concerned. JPM does seem like the Goliath of the biblical story...
Our David has a large cheering section. My concern...if we just get the $4 billion...will that be enough to cover liabilities etc and save commons?
Wow... I like this one too...That board could be a great read for awhile....
http://messages.finance.yahoo.com/Stocks_%28A_to_Z%29/Stocks_J/threadview?m=tm&bn=10073&tid=313124&mid=313190&tof=-1&rt=2&frt=2&off=1
I wouldn't be so concerned....
Question...if they get the $4 billion is that enough to keep from cancelling common? Will that cover debts?
Like it...all predicated on getting the $4 billion..first big hurdle.
Again...thank you for the great read and your insightfulness.
Will be interesting going forward....
Jim
Great message... So you think commons...pre and post are likely to survive if not thrive down the road?
SO WERE DOING GOOD HUH? $12+ TRENDING DOWN?
THEY MEANT INDIAN SUMMER
and you believed that?
Upsetting....
I have a friend who is an auto dealer...is down over $12 million in stock and fighting cancer....most likely cancer not being helped by the audacity of WAMU being stolen.