Hier noch eine Übersicht der Fakten und Ansichten eines geschäutzen Member aus I-Hub :
Posted by: rheddle Date: Tuesday, September 30, 2008 8:44:28 PM
In reply to: keith68 who wrote msg# 4171 Post # of 4479
Read the 8K this morning. $32 billion assets, $ 5billion cash and $7 billion debt. Net assets $25 billion.
Posted by: rheddle Date: Tuesday, September 30, 2008 10:14:47 PM
In reply to: Blue_Horseshoe who wrote msg# 35522 Post # of 35556
WAMUQ I think this is more than a trade the more I think about it. Look at the volume today, which was massive chunks buying in.
8K this morning. The $32 billion (includes $5 billion cash) is comprised mainly of mortgage backed securities as I discovered when looking at the last Q filing. JPM bought the loans, branches and deposits, but they didn't want the scrap.
It looks as though somebody does though and at .08, the market cap was only $136,000,000 today.
With the SEC looking to change the accounting rules so that you don't have to mark the assets to the value of the last trade for a security, (change to fair value accounting), then the value of those $32 billion assets should rise or at least become saleable. That makes WAMUQ even cheaper at these already fire-sale prices.
Posted by: rheddle Date: Tuesday, September 30, 2008 10:26:57 PM
In reply to: Walker who wrote msg# 4327 Post # of 4477
At $136,000,000 market cap at $0.08 today, somebody thinks $32 billion in assets including $5 billion cash is worth more than $0.08 a share.
Posted by: rheddle Date: Tuesday, September 30, 2008 10:00:20 PM
In reply to: Tony_From_MI who wrote msg# 1320842 Post # of 1320850
WAMUQ - the SEC's new rules on fair value accounting would remove the need to "mark to market", meaning that the value of WAMUQ's $32 billion in assets (mortgage backed securities) would not need to be marked down to the last price. As Jermart kindly pointed out, there is a nice video clip on CNBC.com website right now.
Posted by: rheddle Date: Tuesday, September 30, 2008 3:20:53 PM
In reply to: JusDePomme who wrote msg# 3671 Post # of 3748
The rebound hasn't even started properly yet IMO, just the early signs. Institutions held about 1.1 billion of the 1.7 billion OS.
Shares traded yesterday and today = about 1.1 billion. Add to that the sell vol prior to the halt and I think the bigguns must have pretty much cleared out or be gone. We will have our day here any day.
Posted by: rheddle Date: Tuesday, September 30, 2008 3:26:12 PM
In reply to:
JB1992 who wrote msg# 3684 Post # of 4482
Who says it's their intention of liquidating the assets now? Companies sometimes go chapter 11 to reorganize and that could leave this stock coming out as something different than a bank, but the owner of a load of assets to hold or trade as it sees fit.
Posted by: rheddle Date: Tuesday, September 30, 2008 4:10:47 PM
In reply to: zardiw who wrote msg# 3855 Post # of 4482
*** DD**** WAMUQ - This is significant IMO re how much will have to be paid back to creditors. If debt is $8 billion as shown in this morning's 8K and TPG invested $7 billion earlier this year, then the following information is very interesting IMO:
"TPG Capital, which led a $7 billion cash infusion in the bank this spring, was the only entity listed in Friday's filing as holding 5 percent or more of WMI's securities."
