Washington Mutual Preferred fka WAMPQ

[Bizreader]

Jay, Liquidating is a word for selling things.

It's another word for wiping out the corporate entity too, but not necessarily.

Liquidating assets is also saying that the they will simply be in cash so they are even more attractive to a larger spectrum of prospective buyers.

This is not higher math.

Remember, this holding company is like a friend with benefits for the buyer. Of course, JPM will try to devalue it but WMI is worth plenty and commons have a hope because there are many corps that want to go into banking at this time and could use the holding company and NOLs. At least that's the last I heard on this particular topic of WMI's possible direction after BK.