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CDrucker

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CDrucker

Re: wize guy post# 1121

Sunday, 06/01/2008 8:51:32 PM

Sunday, June 01, 2008 8:51:32 PM

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wize-guy:

Why do you think the tax gross up will bring the total award to such a high number as $600M since Wamu is expected to lose money, (per analysts expectations) thus probably not have much taxable income through at least 2010?

http://finance.yahoo.com/q/ae?s=WM

Also note that the amount to DIMEZ holders will be net of Wamu's takeout of the corporate highest tax rate, even if the tax gross up is less (see the 8k in the board header.) I suspect we get screwed on the tax issue and I'm not happy about it.









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