WOW Voo ..We were just talking about it last Sunday...So, it was True they knew they are coming out of Woods with that letter....Hmmmm...Interesting....BTW...Where did you see the $10 Billions??? I am sure xoom will find the actual article...thanks Good night you guys...Best...Mon
Even if WMIH "takes off," the underlying asset is not worth the forward looking P/E. And further, the P/E would be outrageous if this thing trades any higher than it is right now.
Too much investor hype will create a bubble, smart traders will pop it, and longs in denial will ride it out until the next big hype.