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Wednesday, January 10, 2018 3:14:18 AM
I never really understood WMIH. A stock usually increases in PPS when they earn money. WMIH has earnings (208M I saw somewhere.), yet it remains at pennies.
The hedge funds lost half the value they invested, yet they stay.
The BOD does nothing to grow the company. Why?
KKR owns 17M shares, as you say, but will not assist us with M&A.
Who do they expect to 'shake' shares from? Not longs.
How can the shorts cover?
I have no business owning this stock, but I was stuck. I owned WM bank and when it was stolen in 2008 a bunch of WAMUQ stocks suddenly appeared in my account. I read about the court case and the rest is history. Now I own 50,000+ WMIH and a ton of escrow.
I truly hope this is 'the buy of a lifetime' as you say. Best of luck to you and all of us.
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