That is a very good wish. I already have a list to donate money IF a buyout, merger etc. happens.
However, we should not fool ourselves, the best offer we can get, IF we get, will be at most $1pps. IMO. While JPM's, GS's stocks are sinking they cannot make a large offer. WAMUQ at this point does not worth a gih offer anyway.
I have only 50K WAMUQ shares at average about $1pps. If we get a $1pps offer, I will be just happy to save what I am loosing now, that would be enough for me. Even if I can save half of it that would be nice.
we have been talking about that JPM or GS will buy out WMI. But Why?
Let's say WMI got the $4.4B. Well, I have been thinking about this a lot. Would JPM buy out WMI for only $4.4B? WOuld not that further dilute JPM's already sinking stock price?
FDIC has already given $25B to JPM. Do you think they will let JPM go under? Can't FDIC just give another $4.4B to JPM if that is what they need?
It was very comforting for a while thinking that JPM or GS will buyout WMI at $2 to $8 pps. But the more I think about it, the more I convinced that there will not be a buyout. I am really sorry but that is what I am thinking.
Please do not tell me or ask me why am I not selling the stock. I am loosing $50K already. I am one of those people who bought WMI before it was untimely killed. At this point I cannot sell (I will sell few to get tax write-off).
I now strongly believe that the only hope I have that WMI will come out BK after a long time, I am gueesing 6 to 12 months. And I am hoping that they will not issue new stocks. Otherwise like a lot of older people lost their lifelong investment, similarly I will be working about 10-20 years to pay that money back.
WMI is long stock. There is a lot of unrealistic pumping going on on this board. So, do not be fooled with everything you read.
Best
AI
Market Data 
Markets 
