Washington Mutual Preferred fka WAMPQ

[vics picks]

Granted this deal fell thru. The main point I get out of this is there was money on the table for Equity. Do you think this money will now just disapear ? I think the Preferreds will see a recovery, but in what amount I don't have a clue. I'm very happy with the volume and the PPS on the P's after our latest setback.
Down the road I think the EC must see the light and let the Preferreds get their just reward.
A note to most of the EC members. When dealing with a bully, don't back down.