Washington Mutual Preferred fka WAMPQ

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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!