JWW No offense meant but referencing SEEKING ALPHA would be comparative to referencing an I-HUB poster would it not????? These are just individuals that are contributors with their opinions.
Now as for the rest of your post on implied values I agree
I bought today... 1.36 this morning...this price is too good to be true... MM know the value of this stock.. thats why they hold it down ever since the merger announcement...GLTA.. our time is coming... the rocky road to riches has been very long and arduous.... Lodas (buying shares to give to friends and family)
Justice, If this is the case then all NSM shareholders should sell NSM stock and buy WMIH because there is a disparity between the 2 stocks which will be soon one stock.
So at $18 per NSM stock, based on the exchange ratio, what WMIH stock should be? Are you saying that it should be $1.75 or $1.93?
This is like currency trading. A lot of people make money on the up and down of let say Dollar and Euro.
Book value of different companies have no similar relationship to PPS - actual traded price
PPS at the moment is 18 / 12.77 shares
Anything above that suggests market believes there will be no increase to 19 and/or more shares and that the deal is a good for WMIH ... holding about here is the market waiting for deal to finalize and saying - IMO - deal looks fine but we will wait to reward further
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