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chaarles

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chaarles

Re: hawkmd post# 19

Tuesday, 07/16/2013 8:59:46 AM

Tuesday, July 16, 2013 8:59:46 AM

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No doubt the play is in the preferreds, there is where my money is.
Also take into accoun that they own 91 stores, closing 8 underperforming stores doesn't mean to sell them.
This is clearly a real state play and I believe other companies will be looking forward to get this package of strategically located stores.
Even in the worst case scenario of selling 61 stores for 205 million, the company will have to liquidate the other 30 stores in the market and IMO that will make another 100 million easily. More time but same result, 4,16 $/share for us.......
hard to understand why there is no more people paying attention to this play....
GL

"In 2004, Dimon set a goal for JPMC to acquire the Washington
Mutual banking franchise and geographic market by any means
necessary. In the months and years that followed, JPMC developed
and executed an unlawful scheme designed to achieve this end"

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