How much of these 32B assets were WB Bank equity.. That is in my opinion the key point...
Because its clear that this portion is worthless by now. However, as far as I know, WM Inc had and still has around 100 subsidiaries - one of them at least made 1B revenue last Fiscal Year - as well as many valuable real state - I mean actual buildings, not paper linked to real state mortages - assets.
What is the current value remaining in assets besides what was lost in WM Bank ? Does it combined with the 4.4B and the tax recovery from NOL ( any % of the 7B ) that stays in WM Inc offset the 8B debt?
By how much does it offset it? . that is the value of WM Inc, and I truly bet this is more than the current WM Inc capitalization ( today at market value is $45M) ....
come on!!! .. only one year interest of half of these 4.4B would value more than the current stock value.
this stock is absolutly devaluated ... I think we are sitting in a pile of $. It's about time.
I am long and pick as much as I can more while the prices stay where they are.
This first round hearing result is great for us. It was requested by WM Inc and it will preserve for WM Inc at least a significant % - if not 100% - of the 7B tax benefits for the benefit of WM Inc ...
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