Washington Mutual WAHUQ Trust Prf (fka WAHUQ)

[mrholty]

only skimmed it this morning. Will read more during a conference call in a half-hour. Damn job!

Chevy's math is the same as mine. This is interesting case as equity was arguing that the value of the NEWCO was many multiples greater than the debtors value of the business. In the end the debtors valuation should help them short term but allow long-term holders who believed the Equity analysis to pick up $1.00 for a quarter now and maybe into the future.

Surprised to see that it hasn't moved more this morning. Second, need to figure out what happens if DIMEQ wins.

Good trading to all.