Yes you are correct, it is in better shape, it's no longer Empty. At first the ride was extremely bumpy, but after 10 years of learning from "You All", I did my fine tuning and now I'm Enjoying the Ride. Thank You! You also Enjoy, hope to meet you and many others when the time comes...
WMIH can finally utilize the $5.9 billion NOLs from today on, and I expect nice PPS appreciation with every quarterly report of the now merged/combined entity.
With this amount of NOLs, WMIH/NSM/Mr.Cooper pays virtually ZERO taxes for many years and should easily outperform ALL competitors IMO
Exciting times ahead...
Regardless of predictions, WMIH should be in better shape now than before the merger. For the first time, WMIH has a real, ongoing business. For the first time, WMIH has expectations of perpetual revenue.
I have been considering why J Dimon chose this time for his CNBC interview and opened it by inserting WAMU into the conversation. I suspect it was a PR move in answer to the realization that the ghost of WAMU was now prepared to compete again.
I suspect within 3-5 years, JPM will covet and ultimately acquire WMIH.