Washington Mutual Preferred fka WAMPQ

[rockie101]

Opinions please....one of our board buddies got me to thinking...if you own P's why would you want any K's other than they are cheaper....you could do better with U's than K's....does this make sense....you could buy 10,000 shares of U's for say 1800.00 dollars if we get just 5.00 for U's that's 50,000.00 dollars....with that same amount 1800.00 dollars you could buy say 1800 shares of K's....if we got the full FV of 25.00 those 1800 shres would be 45,000.00 dollars....so with U's 5.00 and above would be better than K's....Doug