Do you see parallels between then and now? Would you buy Signature bank or SVG group preferreds when they start trading again now that they will be filing for bankruptcy?

I'm confused with your reply. In the chart you posted from 2012, the WAMPQ was trading at 2.50 on the last day of the trading. Assuming you bought at that price say 100 shares (total investment of $250) and you held it through conversion (what was the conversion ratio - for 100 shares how many shares of COOP did you receive?)

Another q: Since you had 3 classes of securities - which security had a better distribution, risk /reqrd - looking back at your experience, if you were to do it all over again, which 1 security would you buy after the petition?

Thank you for sharing your WAMU experience. You posted the chart for WAMPQ and I believe it stopped trading around 2.50 and it closed the prior day say around 5. If you had bought 100 shares at 5 and given what you said about the distribution in new COOP shares, your original investment of $500 in 2012 would be worth how much say in 2015? or 2016? whatever you can recollect from your experience.

I believe we are staring at a similar opportunity at these regional banks this year and would like to build a speculative portfolio of these preferred shares based on what I can gather with what happened with WAMU and others.

Thanks!

Did WAMU preferred shareholders get anything after 2012? New security? Warrants, anything?

Thanks for taking a walk in the memory lane on WAMU. The reason I posted the q on this board is because i see lot of parallels between then and now and was wondering if there is an investment opportunity.

If you buy the preferred of these embattled regional bank stocks now (like First Republic, PacWest, SVB, Signature, etc.) .......is there money to be made if you hold it through the crisis. What lessons learned from 2008 crisis can be applied now?

What is the price history of WAMU Proffered shares after 2012? Thanks

Any one who bought WAMU Preferred (WAMPQ) in 2012 can share what happened to those sharess price history?