Well think of it like this NSM cash for 18.00 and 12.somthing for shares of WMIH it would not surprise me if it opened after merger at $12.00 PS just me guessing...
I believe LG is being conservative with his estimate. I tend to go with DISNEY prediction because it kind of fits this whole crazy thing called the WAMU saga.lol
And yes those HAS are certainly not in this for a $10 stock in three years.
10$ "fair and reasonable". I would be happy with 10 $ due to the case that I multiply my amount of WMIH the last years. But when we back-calculate e.g. to the WAMU Commons with an wmih exchange rate of approximatelly 1:30 then 10 $ is like 0,33 cent per WAMU Common share. This is not "fair and reasonable"
But at the end - nobody ask what we think what is "fair and reasonable". The price per share is today 1,37 $. I think till end of the year WMIH is 3$ or more. Why? I heard that Nationstar has good quarterly results. This is one important factor for a raising stock price.