This is way under-priced and if you really think about the asset base and monies WMI has, this should be much higher in pps than current.
A lot of talk of $300 Bln in assets and $20+ Bln in tax write offs...NOLs; $4 Bln in deposits... etc etc etc so why is this priced like it only has $250 mln market cap?
when things go rotten... they really do
rightfully the price should be much higher... and I am certain that it will adjust.
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