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Dear AZ
The fact that you were not obligated to inform and educate the rest of your peers, but chose to exemplifies what a great man you are. I most humbly thank you for your generosity. People are not born into greatness, they rise to it. You sir, have earned accolades from all of us. Again, thank you sir.
AZ SIR. I would like to thank you personally for the outstanding DD you have done on behalf of all of us. You are overwhelmingly generous.
Due to your assistance and the DD of some other members of this board, the rest of us who unfortunately are not as knowledgeable were able to stay informed and grow. You have been of great service, and I thank you kind sir.
It would be lovely to thank you in person and to celebrate our victory with you when all of this comes to fruition. Again, thank you so very much.
How did you get amounts. Please.
Can you please help an uniformed woman. What will escrow preferred and common get. And when? Thank you sir.
Can you please help an uniformed woman. What will escrow preferred and common get. And when? Thank you sir.
AZ. If I understand you correctly. Preferred and common will be paid! From where and when?
Large green could you please give me clarity. I just read a document saying class 19 and 22 will be removed as markerd in our accounts in court papers. Did 19 and 22 lose everything? If not, please explain.
AZ or large green could one of you gentlemen please be so kind as to explain to me how common and preferred shares get paid when they keep speaking about tier 18. Where does our money originate from. And if you took a wild guess, what would common and preferred get a share. Thank you for your graciousness.
What will that equate to per preferred share and per common? Will that be the end of disbursement? I thought WMIH gets 2.5% from common amount. Thank you for being so kind to educate another WAMUer.
Thank you BigBang for your kindness and helpfulness in teaching me how to open the file. I was successful thanks to your assistance. I greatly appreciate your willingness to help out a damsel in distress.
I have repeatedly tried to find paper clip or how to play audio.
Could someone please help in making this easier. I would greatly appreciate it. Thank you for your kindness.
Thursday October 6, 2016 20 Min Delayed
WMIH Short Interest WMIH Short Squeeze
Wmih Corporation $ 2.18
WMIH (NASDAQ) -0.01
Short Interest (Shares Short) 6,962,600
Days To Cover (Short Interest Ratio) 10.0
Short Percent of Float 0.47 %
Short Interest - Prior 6,831,600
Short % Increase / Decrease 1.92%
Short Squeeze Ranking™ 0
% From 52-Wk High ($2.94) -25.85 %
% From 52-Wk Low ($2.05) 6.34 %
% From 200-Day MA ($2.31) -5.80 %
% From 50-Day MA ($2.36) -7.60 %
Price % Change (52-Week) 0.15 %
Shares Float 165,690,000
Total Shares Outstanding 200,000,000
% Owned by Insiders 16.69 %
% Owned by Institutions 5.30 %
Market Cap. 436,000,000
Trading Volume - Today 584,289
Trading Volume - Average 694,700
Trading Volume - Today vs. Average 84.11 %
Earnings Per Share
PE Ratio
Record Date 2016-SepB
Settlement reached on Friday.
JPMorgan Chase & Co has settled a legal dispute with the Federal Deposit Insurance Corp (FDIC) and Deutsche Bank. The American bank revealed the same on Friday (19 August) and said it would receive $645m (£493m) in settlement of litigation.
The lawsuit was relating to JPMorgan's purchase of Washington Mutual's (WaMu) banking operations during the 2008 financial crisis. WaMu had been America's largest savings and loan bank before FDIC seized it. The independent agency then sold WaMu's banking operations to JPMorgan for about $1.9bn (£1.45bn), before the parent holding company of WaMu filed for bankruptcy protection.
If WMIH was to receive money from the liquidating trust, would or could this form be filed.
Sorry for being ignorant, but is this company part of Washington Mutual? Does it relate to us?
N-Q 1 wmif_nq.htm N-Q
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM N-Q
Quarterly Schedule of Portfolio Holdings of
Registered Management Investment Company
Investment Company Act File Number: 811-00604
Washington Mutual Investors Fund
(Exact Name of Registrant as Specified in Charter)
6455 Irvine Center Drive
Irvine, California 92618
(Address of Principal Executive Offices)
Registrant's telephone number, including area code: (213) 486-9200
Date of fiscal year end: April 30
Date of reporting period: January 31, 2016
Jennifer L. Butler
Washington Mutual Investors Fund
333 South Hope Street
Los Angeles, California 90071
(Name and Address of Agent for Service)
ITEM 1 – Schedule of Investments
Washington Mutual Investors FundSM
Investment portfolio
January 31, 2016
unaudited
Common stocks 97.31%
Energy 9.63% Shares Value
(000)
Chevron Corp. 13,359,100 $1,155,161
ConocoPhillips 27,708,185 1,082,836
Enbridge Inc. 29,661,300 1,026,281
EOG Resources, Inc. 1,472,100 104,549
Exxon Mobil Corp. 2,957,400 230,234
Halliburton Co. 7,540,000 239,697
Noble Energy, Inc. 5,456,300 176,620
Pioneer Natural Resources Co. 5,934,323 735,559
Royal Dutch Shell PLC, Class B (ADR) 21,300,000 939,969
Schlumberger Ltd. 18,269,300 1,320,322
7,011,228
Materials 4.65%
Air Products and Chemicals, Inc. 1,970,106 249,632
Dow Chemical Co. 9,455,752 397,142
E.I. du Pont de Nemours and Co. 23,136,134 1,220,662
Freeport-McMoRan Inc. 1,033,800 4,756
Koninklijke DSM NV (ADR) 2,414,900 29,607
Monsanto Co. 3,135,000 284,031
Nucor Corp. 4,940,700 193,033
Potash Corp. of Saskatchewan Inc. 1,331,100 21,697
Praxair, Inc. 8,668,300 866,830
Rio Tinto PLC (ADR) 1,216,800 29,994
WestRock Co. 2,441,322 86,130
3,383,514
Industrials 13.12%
Boeing Co. 17,822,700 2,141,041
Caterpillar Inc. 5,096,207 317,188
Cummins Inc. 660,000 59,327
Danaher Corp. 521,100 45,153
Fastenal Co. 4,490,000 182,114
General Dynamics Corp. 1,339,461 179,180
General Electric Co. 35,393,000 1,029,936
Honeywell International Inc. 1,160,000 119,712
IDEX Corp. 527,400 38,242
Lockheed Martin Corp. 8,639,300 1,822,892
Norfolk Southern Corp. 2,476,000 174,558
Northrop Grumman Corp. 4,461,600 825,664
PACCAR Inc 5,600,000 274,792
Parker-Hannifin Corp. 600,000 58,296
Precision Castparts Corp. 649,500 152,600
Rockwell Automation 950,000 90,792
Rockwell Collins, Inc. 4,768,000 385,636
Union Pacific Corp. 7,448,000 536,256
United Technologies Corp. 2,900,000 254,301
Washington Mutual Investors Fund — Page 1 of 7
--------------------------------------------------------------------------------
unaudited
Common stocks
Industrials?(continued) Shares Value
(000)
W.W. Grainger, Inc. 330,000 $64,908
Waste Management, Inc. 14,964,400 792,365
9,544,953
Consumer discretionary 11.52%
Carnival Corp., units 985,800 47,447
CBS Corp., Class B 7,456,800 354,198
Comcast Corp., Class A 34,225,739 1,906,716
General Motors Co.1 400,000 11,856
Home Depot, Inc. 26,175,600 3,291,843
Lowe’s Companies, Inc. 5,500,000 394,130
Newell Rubbermaid Inc. 5,419,100 210,153
Priceline Group Inc.1 102,000 108,627
Ralph Lauren Corp., Class A 1,156,000 130,050
Scripps Networks Interactive, Inc., Class A 636,400 38,801
Starbucks Corp. 2,985,600 181,435
Target Corp. 1,000,000 72,420
Time Warner Inc. 2,756,000 194,133
Twenty-First Century Fox, Inc., Class A 16,994,100 458,331
VF Corp. 11,230,200 703,010
Walt Disney Co. 2,199,700 210,775
Whirlpool Corp. 297,000 39,914
YUM! Brands, Inc. 413,200 29,903
8,383,742
Consumer staples 9.73%
Coca-Cola Co. 51,018,000 2,189,693
Colgate-Palmolive Co. 2,375,000 160,384
Costco Wholesale Corp. 3,855,700 582,673
CVS Health Corp. 8,725,000 842,748
Kraft Heinz Co. 4,900,000 382,494
Kroger Co. 10,698,900 415,224
Mondelez International, Inc. 5,590,000 240,929
Nestlé SA (ADR) 1,635,900 120,631
PepsiCo, Inc. 2,663,000 264,436
Procter & Gamble Co. 17,095,700 1,396,548
Unilever NV 7,797,400 346,283
Walgreens Boots Alliance, Inc. 1,500,000 119,580
Wal-Mart Stores, Inc. 284,300 18,866
7,080,489
Health care 11.63%
AbbVie Inc. 1,600,000 87,840
Aetna Inc. 5,302,800 540,037
AmerisourceBergen Corp. 282,700 25,319
AstraZeneca PLC (ADR) 7,477,100 240,912
Bristol-Myers Squibb Co. 9,525,600 592,111
Eli Lilly and Co. 3,847,200 304,314
Gilead Sciences, Inc.1 490,000 40,670
Humana Inc.2 7,620,000 1,240,460
Johnson & Johnson 11,365,000 1,186,961
Medtronic PLC 10,085,700 765,706
Merck & Co., Inc. 33,683,000 1,706,718
Novo Nordisk A/S, Class B (ADR) 2,847,100 159,067
Pfizer Inc. 29,074,800 886,491
Washington Mutual Investors Fund — Page 2 of 7
--------------------------------------------------------------------------------
unaudited
Common stocks
Health care?(continued) Shares Value
(000)
Quest Diagnostics Inc. 166,400 $10,927
Regeneron Pharmaceuticals, Inc.1 257,500 108,173
Roche Holding AG (ADR) 4,538,500 147,138
UnitedHealth Group Inc. 3,667,300 422,326
8,465,170
Financials 12.35%
American Express Co. 5,376,151 287,624
Ameriprise Financial, Inc. 202,000 18,311
Capital One Financial Corp. 6,500,000 426,530
Charles Schwab Corp. 4,985,600 127,282
Chubb Ltd. 7,207,425 814,944
Citigroup Inc. 5,000,000 212,900
CME Group Inc., Class A 10,388,404 933,398
East West Bancorp, Inc. 2,000,000 64,840
Goldman Sachs Group, Inc. 2,190,500 353,897
JPMorgan Chase & Co. 26,660,500 1,586,300
KeyCorp 21,125,000 235,755
Marsh & McLennan Companies, Inc. 8,409,300 448,468
McGraw Hill Financial, Inc. 3,419,800 290,751
Moody’s Corp. 2,693,800 240,125
PNC Financial Services Group, Inc. 7,408,800 641,973
Sumitomo Mitsui Financial Group, Inc. (ADR) 11,000,000 72,380
U.S. Bancorp 9,100,000 364,546
Wells Fargo & Co. 37,071,511 1,862,102
Willis Towers Watson PLC 44,900 5,140
8,987,266
Information technology 13.45%
Accenture PLC, Class A 1,929,600 203,650
Alphabet Inc., Class A1 694,200 528,529
Alphabet Inc., Class C 267,693 198,883
Amphenol Corp., Class A 5,690,000 282,053
Analog Devices, Inc. 2,130,783 114,764
Automatic Data Processing, Inc. 2,021,300 167,950
Cisco Systems, Inc. 5,000,000 118,950
Intel Corp. 30,880,000 957,898
Intuit Inc. 4,255,000 406,395
Jack Henry & Associates, Inc. 2,594,200 210,597
KLA-Tencor Corp. 1,171,000 78,445
Microsoft Corp. 84,923,800 4,678,452
NetApp, Inc.1 2,059,600 45,167
Paychex, Inc. 3,000,000 143,580
Texas Instruments Inc. 20,473,800 1,083,678
Visa Inc., Class A 5,951,100 443,298
Xilinx, Inc. 2,432,900 122,302
9,784,591
Telecommunication services 4.05%
AT&T Inc. 12,300,000 443,538
Verizon Communications Inc. 50,160,401 2,506,515
2,950,053
Washington Mutual Investors Fund — Page 3 of 7
--------------------------------------------------------------------------------
unaudited
Common stocks
Utilities 2.87% Shares Value
(000)
CMS Energy Corp. 5,405,800 $210,178
Dominion Resources, Inc. 8,267,000 596,629
Eversource Energy 3,947,500 212,376
Exelon Corp. 730,000 21,586
National Grid PLC (ADR) 730,000 51,691
PG&E Corp. 8,248,700 452,936
Pinnacle West Capital Corp. 3,000,000 198,930
Sempra Energy 1,996,900 189,206
Xcel Energy Inc. 4,000,000 152,880
2,086,412
Miscellaneous 4.31%
Other common stocks in initial period of acquisition 3,133,398
Total common stocks (cost: $52,073,883,000) 70,810,816
Short-term securities 3.07% Principal?amount
(000)
Abbott Laboratories 0.40% due 2/23/20163 $49,250 49,240
CAFCO, LLC 0.40%–0.49% due 2/26/2016–3/2/2016 139,500 139,452
Chevron Corp. 0.35%–0.49% due 2/9/2016–3/8/20163 43,700 43,688
Emerson Electric Co. 0.32%–0.46% due 2/29/2016–3/9/20163 140,000 139,947
Estée Lauder Companies Inc. 0.37% due 2/12/20163 7,700 7,699
Federal Home Loan Bank 0.13%–0.58% due 2/3/2016–8/29/2016 1,270,987 1,269,979
Freddie Mac 0.23%–0.41% due 3/10/2016–6/7/2016 155,000 154,803
General Electric Co. 0.29% due 2/1/2016 50,800 50,799
Honeywell International Inc. 0.26% due 2/17/20163 40,700 40,693
IBM Corp. 0.40% due 2/22/2016–2/23/20163 103,500 103,479
PepsiCo Inc. 0.37% due 3/8/20163 25,900 25,889
Private Export Funding Corp. 0.44% due 2/8/20163 25,400 25,398
Qualcomm Inc. 0.43% due 3/23/20163 30,200 30,182
U.S. Treasury Bills 0.21% due 2/18/2016 100,000 99,990
Walt Disney Co. 0.47%–0.48% due 4/20/2016–4/28/20163 51,300 51,242
Total short-term securities (cost: $2,232,398,000) 2,232,480
Total investment securities 100.38% (cost: $54,306,281,000) 73,043,296
Other assets less liabilities (0.38%) (273,833)
Net assets 100.00% $72,769,463
Washington Mutual Investors Fund — Page 4 of 7
--------------------------------------------------------------------------------
unaudited
As permitted by U.S. Securities and Exchange Commission regulations, “Miscellaneous” securities include holdings in their first year of acquisition that have not previously been publicly disclosed.
Investments in affiliates
--------------------------------------------------------------------------------
A company is an affiliate of the fund under the Investment Company Act of 1940 if the fund’s holdings in that company represent 5% or more of the outstanding voting shares. Further details on these holdings and related transactions during the nine months ended January 31, 2016, appear below.
Beginning
shares Additions Reductions Ending
shares Dividend
income
(000) Value of
affiliates at
1/31/2016
(000)
Humana Inc. 7,620,000 — — 7,620,000 $6,629 $1,240,460
KLA-Tencor Corp.4 8,038,000 — 6,867,000 1,171,000 8,808 —
$15,437 $1,240,460
1 Security did not produce income during the last 12 months.
2 Represents an affiliated company as defined under the Investment Company Act of 1940.
3 Acquired in a transaction exempt from registration under Section 4(2) of the Securities Act of 1933. May be resold in the U.S. in transactions exempt from registration, normally to qualified institutional buyers. The total value of all such securities was $517,457,000, which represented .71% of the net assets of the fund.
4 Unaffiliated issuer at 1/31/2016.
Valuation disclosures
--------------------------------------------------------------------------------
Capital Research and Management Company (“CRMC”), the fund’s investment adviser, values the fund’s investments at fair value as defined by accounting principles generally accepted in the United States of America. The net asset value of each share class of the fund is generally determined as of approximately 4:00 p.m. New York time each day the New York Stock Exchange is open. Security transactions are recorded by the fund as of the date the trades are executed with brokers.
Methods and inputs — The fund’s investment adviser uses the following methods and inputs to establish the fair value of the fund’s assets and liabilities. Use of particular methods and inputs may vary over time based on availability and relevance as market and economic conditions evolve.
Equity securities are generally valued at the official closing price of, or the last reported sale price on, the exchange or market on which such securities are traded, as of the close of business on the day the securities are being valued or, lacking any sales, at the last available bid price. Prices for each security are taken from the principal exchange or market on which the security trades.
Fixed-income securities, including short-term securities, are generally valued at prices obtained from one or more pricing vendors. Vendors value such securities based on one or more of the following inputs: benchmark yields, transactions, bids, offers, quotations from dealers and trading systems, new issues, spreads, interest rate volatilities, and other relationships observed in the markets among comparable securities; and proprietary pricing models such as yield measures calculated using factors such as cash flows, financial or collateral performance and other reference data.
When the fund’s investment adviser deems it appropriate to do so (such as when vendor prices are unavailable or deemed to be not representative), fixed-income securities will be valued in good faith at the mean quoted bid and ask prices that are reasonably and timely available (or bid prices, if ask prices are not available) or at prices for securities of comparable maturity, quality and type.
Securities with both fixed-income and equity characteristics, or equity securities traded principally among fixed-income dealers, are generally valued in the manner described for either equity or fixed-income securities, depending on which method is deemed most appropriate by the fund’s investment adviser.
Securities and other assets for which representative market quotations are not readily available or are considered unreliable by the fund’s investment adviser are fair valued as determined in good faith under fair valuation guidelines adopted by authority of the fund’s board of trustees as further described. The investment adviser follows fair valuation guidelines, consistent with U.S. Securities and Exchange Commission rules and guidance, to consider relevant principles and factors when making fair value determinations. The investment adviser considers relevant indications of value that are reasonably and timely available to it in determining the fair value to be assigned to a particular security, such as the type and cost of the security; contractual or legal restrictions on resale of the security; relevant financial or business developments of the issuer; actively traded similar or related
Washington Mutual Investors Fund — Page 5 of 7
--------------------------------------------------------------------------------
unaudited
securities; conversion or exchange rights on the security; related corporate actions; significant events occurring after the close of trading in the security; and changes in overall market conditions. In addition, the closing prices of equity securities that trade in markets outside U.S. time zones may be adjusted to reflect significant events that occur after the close of local trading but before the net asset value of each share class of the fund is determined. Fair valuations and valuations of investments that are not actively trading involve judgment and may differ materially from valuations that would have been used had greater market activity occurred.
Processes and structure — The fund’s board of trustees has delegated authority to the fund’s investment adviser to make fair value determinations, subject to board oversight. The investment adviser has established a Joint Fair Valuation Committee (the “Fair Valuation Committee”) to administer, implement and oversee the fair valuation process, and to make fair value decisions. The Fair Valuation Committee regularly reviews its own fair value decisions, as well as decisions made under its standing instructions to the investment adviser’s valuation teams. The Fair Valuation Committee reviews changes in fair value measurements from period to period and may, as deemed appropriate, update the fair valuation guidelines to better reflect the results of back testing and address new or evolving issues. The Fair Valuation Committee reports any changes to the fair valuation guidelines to the board of trustees with supplemental information to support the changes. The fund’s board and audit committee also regularly review reports that describe fair value determinations and methods.
The fund’s investment adviser has also established a Fixed-Income Pricing Review Group to administer and oversee the fixed-income valuation process, including the use of fixed-income pricing vendors. This group regularly reviews pricing vendor information and market data. Pricing decisions, processes and controls over security valuation are also subject to additional internal reviews, including an annual control self-evaluation program facilitated by the investment adviser’s compliance group.
Classifications — The fund’s investment adviser classifies the fund’s assets and liabilities into three levels based on the inputs used to value the assets or liabilities. Level 1 values are based on quoted prices in active markets for identical securities. Level 2 values are based on significant observable market inputs, such as quoted prices for similar securities and quoted prices in inactive markets. Certain securities trading outside the U.S. may transfer between Level 1 and Level 2 due to valuation adjustments resulting from significant market movements following the close of local trading. Level 3 values are based on significant unobservable inputs that reflect the investment adviser’s determination of assumptions that market participants might reasonably use in valuing the securities. The valuation levels are not necessarily an indication of the risk or liquidity associated with the underlying investment. For example, U.S. government securities are reflected as Level 2 because the inputs used to determine fair value may not always be quoted prices in an active market. The following table presents the fund’s valuation levels as of January 31, 2016 (dollars in thousands):
Investment securities
Level 1 Level 2 Level 3 Total
Assets:
Common stocks:
Energy $7,011,228 $— $— $7,011,228
Materials 3,383,514 — — 3,383,514
Industrials 9,544,953 — — 9,544,953
Consumer discretionary 8,383,742 — — 8,383,742
Consumer staples 7,080,489 — — 7,080,489
Health care 8,465,170 — — 8,465,170
Financials 8,987,266 — — 8,987,266
Information technology 9,784,591 — — 9,784,591
Telecommunication services 2,950,053 — — 2,950,053
Utilities 2,086,412 — — 2,086,412
Miscellaneous 3,133,398 — — 3,133,398
Short-term securities — 2,232,480 — 2,232,480
Total $70,810,816 $2,232,480 $— $73,043,296
Federal income tax information (dollars in thousands)
--------------------------------------------------------------------------------
Gross unrealized appreciation on investment securities $20,748,655
Gross unrealized depreciation on investment securities (2,041,847)
Net unrealized appreciation on investment securities 18,706,808
Cost of investment securities 54,336,488
Washington Mutual Investors Fund — Page 6 of 7
--------------------------------------------------------------------------------
unaudited
Key to abbreviation
ADR = American Depositary Receipts
Investments are not FDIC-insured, nor are they deposits of or guaranteed by a bank or any other entity, so they may lose value.
Investors should carefully consider investment objectives, risks, charges and expenses. This and other important information is contained in the fund prospectus and summary prospectus, which can be obtained from your financial professional and should be read carefully before investing. You may also call American Funds Service Company (AFS) at (800) 421-4225 or visit the American Funds website at americanfunds.com.
MFGEFPX-001-0316O-S49131 Washington Mutual Investors Fund — Page 7 of 7
ITEM 2 – Controls and Procedures
The Registrant’s Principal Executive Officer and Principal Financial Officer have concluded, based on their evaluation of the Registrant’s disclosure controls and procedures (as such term is defined in Rule 30a-3 under the Investment Company Act of 1940), that such controls and procedures are adequate and reasonably designed to achieve the purposes described in paragraph (c) of such rule.
There were no changes in the Registrant’s internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) that occurred during the Registrant’s last fiscal quarter that has materially affected, or is reasonably likely to materially affect, the Registrant’s internal control over financial reporting.
ITEM 3 – Exhibits
The certifications required by Rule 30a-2 of the Investment Company Act of 1940 and Section 302 of the Sarbanes-Oxley Act of 2002 are attached as exhibits hereto.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
WASHINGTON MUTUAL INVESTORS FUND
By _/s/ Paul F. Roye
Paul F. Roye, Executive Vice President and
Principal Executive Officer
Date: March 30, 2016
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the Registrant and in the capacities and on the dates indicated.
By _/s/ Paul F. Roye
Paul F. Roye, Executive Vice President and
Principal Executive Officer
Date: March 30, 2016
By _/s/ Brian C. Janssen
Brian C. Janssen, Treasurer and
Principal Financial Officer
Date: March 30, 2016
http://www.streetinsider.com/SEC+Filings/Form+13F-HR+SUN+LIFE+FINANCIAL+INC+For%3A+Mar+31/11628700.html
This just came out today. WMIH has shares in this company.
Schwab did that in error. Your escrow pref will be in your account correctly by tomorrow morning. Spoke to them already.
It does have something to do with the new acquisition(s). When the acquisition occurs, you will get shares of the new company based on how many shares of WMIH you hold at the time. All of the shares that were being held for disputes are entitled to shares of the acquisition(s) IF you hold onto them until the acquisition(s) happen.
It does have something to do with the new acquisition(s). When the acquisition occurs, you will get shares of the new company based on how many shares of WMIH you hold at the time. All of the shares that were being held for disputes are entitled to shares of the acquisition(s) IF you hold onto them until the acquisition(s) happen.
Brokerage houses have their own rules. You cannot margin WMIH until it is at $5.00 with Schwab.
RD Thanks for again sharing your info. I have very similar thoughts...Wanted to know your background? What is your other site. Don't have upper level to contact direct.
Let's stayed focused!!!! We need to keep pounding the facts, not the table. The facts are overwhelmingly in our favor. Let's just let facts speak for themselves, and we will all continue to present just the facts. We don't need to take cheap shots, rude comments, and demeaning responses to each other. We don't need to make comments about peoples past-times. It just takes away the focus of what we are trying to achieve; unity is power. Let's make an affort not to alienate anyone; but join our resources.
May WMIH go up tomorrow.
Let's all just breathe in, breathe out, and get up one more time.
Let's focus on the good...we are now joining forces to keep the shorters, not just the usual crappy shorters, but ILLEGAL NAKED SHORTERS at bay by moving some cash and our stocks!!!! Whoa that's great. Let's keep doing that and wait for the dust to settle to receive the fruit of our long, fought efforts, and for the truth to present itself.
The NOLs are far too valuable to not be scooped up...it's irrelevant who the lucky purchaser(s)are.
And as far as the truth coming out...eventually one of the insiders will sell their story and make millons again...what a legency... Dimon paid a mere pittance for his own soul.
Focus on your dreams... Dimon isn't any diamond...he will fall by his own doing...just watch. Throughout history many a mogul has fallen. Dimon will remembered with the likes of Bernard Madoff. He's nooooooo diamond, he's carbon.
Never allow yourself to become jaded by a person, an entity, a situation, the system, life itself...then you lose. You've allowed some outside source to alter your course. Stay on the difficult path and know that there is reward for being brave and steadfast. The best revenge is to live an amazing life and to be happy. I believe in me...and I believe with a village, we can move a mountain...in fact, we've already moved the moutain...now we just need to stay cool, stay calm, stay together, stay focused, and stay on track. Hear us ROAR!!!!
WE ARE AMAZING!!!!!!!!
My father, Anthony Casamento, was a Congressional Medal of Honor (the Nation's highest medal) recipient. He received the Medal 38 years after he served on Guadal Canal as a Marine in WWII. He was actually unanimously recommended for the Medal of Honor in 1957 when the goverment learned that their were survivors (how do veteran's get benefits from the government, but the government didn't know that these people were living?). Then the Department of the Navy turned down giving my father the Congressional Medal and recommended giving my father the Navy Cross instead. My father inquired as to why did the decision get overturned? He wanted the paper work or the minutes just to understand their decision. They refused to give any information stating "it was telephonic or somehow lost or misplaced". He didn't accept the Navy Cross. Over the next 38 years my father continually wrote any person in the government that he thought could help him find out the truth. He learned on his own that their were survivors, in fact, the general on the side of the Japanese came to Washington to testify that in Japan my father is a hero, and the battle is written about in their history books. In our history books, there is no mention of the battle that my father fought in because all but two men were killed due to the Japanese and also to our own friendly fire. My father wouldn't allow the government to coverup what they did that day...all of his men had to die for something...that had to for my dad to make sense of things. It's okay if our government messes up, just own up to it. Have HONOR. Since my father was a guy who grew up in the Bronx, he came from Italian decent, butt kissing was probably not his specialty...Then in 1980 after my father had been requesting his military records for 38 years, the military department sent him all the records...he wasn't given the Medal of Honor because of the friendly fire, the government would have owed him $100 a month back pay from the time of the occurrence (you know how frugal our government is with spending (lol)), and he was Italian. They sent my fathers records to him this time because he signed his name "C Casamento" in the request he made (He signed it this wasy because he was a Corporal (remember I told you about the unwillingness to kiss butt...). Well, some poor son of a gun, thought it was Colonel Casamento and sent him all of his files...did I mention that the VA hospital held him in a psyche ward because he kept speaking about the friendly fire, or did I mention that the VA scheduled my father for a lobotomy so that he would be calmer and not discuss the friendly fire, but lucky for my father the doctor who was going to perform the surgery, had a daughter that had TB...so he had to relocated.
In September of 1980, President Jimmy Carter awarded my father the Congressional Medal of Honor, and on the same day the Pentagon sent out a release that this was only politically motivated.
I learned that so very many things go wrong in the world, but there are those who have integrity and honor who will always continue to fight for what is right. You do things because they are the right thing to do...regardless of the outcome. You take it like a soldier.
I have been following this site for quite awhile, and have stayed by the sidelines. People have started to take their focus off what's infront of them, and instead are using wasted energy to go after one another and double checkout people, and to be verbally nasty. If we waste energy fighting amongst our selves, we dilute our efforts. Let's stay focus, let's presume we all mean well and are sharing our thoughts, everyone is free to buy and sell as they choose, but's let's focus getting a deal for our NOLs, to whom (JPM OR GS--talk about irony--they make money coming and going), how much for old WAMU in escow and/or WMIH, and when!
We will NEVER get an apology, years(decades) from now the truth may come out.
For now, let's focus on what's directly in front of us, pool our research, share information, and wait for the "show me the money" moment to happen...it's coming...stay centered and focus.