Replies to post #2002 on Washington Mutual Inc pfd K (fka WAMKQ)

[stocknut71]

Okay, first of all, everything I am saying is my opinion. Second, no matter how you cut it, the preferreds get paid out first before the commons and from my calculations, the preferreds only need about @4.5 Billion to get full face value. I like my odds for the preferreds then the commons.
Thirdly, I was not cutting down their statements, it's just that when someone says that the commons should be $11 without any logic doesn't make sense. And we have alot of people who are just spewing out ridiculous price targets without a reason behind it. Again, IMO, I do believe the commons will get something, just not as high as some people are thinking.

Good luck to you!