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Jestiron

10/31/09 2:07 PM

#116890 RE: Sculelos #116889

Since WMI owns the subsidiaries, they should show up on the "adjusted" assets/liabilities in the future. That should directly affect the commons as the book value (and PPS) would move up with these assets added....in theory anyhow.

You are right about researching the value of the subsidiaries...impossible on most. I thought I was good at sleuthing online... but this proves I am not. LOL
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rainbow1111

10/31/09 2:13 PM

#116892 RE: Sculelos #116889

Try dividing $25,000,000,000 by 1,700,000,000 shares to get possible effect on commons. Of course, this would be the case if the subs were SOLD for $25 billion, then corporate taxes would be paid by WMI. The full $25 B would not hit the bottom line. Fair market value of $25 billion is not reflected in the GAAP financial statments. The FS reflect cost of the subs, not FMV.