Washington Mutual Preferred fka WAMPQ

[marayatano]

I personaly would not use that math.

if$ 7.5 billion got 70% out of 100% of wmi2, what does $337 million get out of the balance of 30% shared with commons? keep in mind that 30% could get smaller and prefferds are more.senior.and have more.rights than dimeq and.commons.

I didn't do the math, but I am pretty sure p's are still a better value. if someone.wants to.do.the math for a more accurate conversion, please do so. would be intersting.

just saying from a different perspective.

imo