Replies to post #13843 on Washington Mutual Preferred fka WAMPQ

[riskandreward]

Thank you donto for the read. I am holding that for a year already and feel that the snow ball start rolling....have fun all.$$$$$$$$$$$$$$$$

[goforthebet]

great info dnoto. Looking good for the Q's imo.. what do you think?

[Wamook]

When a company is sued, it incurrs a contingent liability that must be carried on the balance sheet.

It becomes a paragraph down in the footnotes telling the stock holders that: We made big bucks this year BUT If we lose the suit then we must pay out big bucks...And the legal expenses involved.

The line item for legal expenses on a balance sheet also has similar foot notes about the nature of the cases they are involved in.

It often reads like: We plan to persue a vigorouse defense against this baseless claim.

Has anyone else been digging into JPM balance sheet foot notes??