Replies to post #38628 on Washington Mutual Preferred fka WAMPQ

[clawmann]

It will take time for the market to value them properly. Probably not until several weeks after we emerge from bankruptcy.

[alertmeipp]

u can have P at 51 while K at 1.53.

P will worth 40x K. (25par vs 1000par)

so if K is 1.53, P will be 60.

no?