I think r/s was already baked into the market. We had pretty good move today, not a drop at end of the day, makes me think that r/s is non event. We'll see what tomorrow brings.
Agree here. like to compare the WMIH merged company with Zillow group. They have comparable revenue and similar sub components.
At present WMIH has roughly 8.2x more shares of common stock O/S but Z trades at $46. They have comparable revenue and similar sub components in the same sector, imo Wmih should be trading around $5 or higher right now based on this.
Plus, looking forward, the Wmih merged company should be included in the Russell index next year which would require funds to purchase shares. Not seeing Wmih on the Russell 2K list for this year which was reconstituted this June, maybe i'm missing it though.