Replies to post #32551 on Washington Mutual Preferred fka WAMPQ

[Chiron]

Exactly, lets say they announce preferreds are now getting a 50% payout due to hedgie settlement. The stock will run close to $500, probably $450 or so. If you are a LT holder, sell and take your 15%. Or wait and then they take 28% and you have to have your tax guy figure that out.