Washington Mutual Inc pfd K (fka WAMKQ)

[Sculelos]

All preferred will benefit.

PQ's are the clear winner over the KQ's though.

PQ's and KQ's = priority over UQ's.
PQ's and KQ's = Equal to each other
WAMPQ = Trading at 25$ will be paid at 1,000$
WAMKQ = Trading at .75$ will be paid at 25$

Multipliers:

WAMPQ = 40x +3x for dividend
WAMKQ = 33x +2.5 for dividend

43x possible for WAMPQ
35.5x possible for WAMKQ

By the multipliers WAMPQ is the better buy. Of course if the share price change and the ratio's change K's could be a better buy in the future.

WAMPQ's at 25$ = WAMKQ's at .625$ Hope this is helpful to anyone considering buying PQ's or KQ's.