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WaMu Shares are Doomed |
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| Jun 13, 2008 04:29 PM UTC |
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Tracked Blogger
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6/11 - "For lack of a better Internets abbreviated slang phrase, OMG, Washington Mutual (NYSE:WM) shares are either too cheap or too scary to buy, more like a little of both." "WaMu is beyond any help that will come from 'Restructuring' or a new 'Synergy', the top dogs running Washington Mutual blew it, it's over. Time to go, let the bank tellers run the company, they could do a better job. Layoffs, closing branches, cutting the Dividend, there's nothing left to do but fire 80% of the current staff and run the entire operation from India." "18% Short Interest and Growing everyday. WM shares are doomed..." 
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3 Related Views
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 N/A risk: moderate |
WaMu Might Just Go to Zero
6/11 - "Will WaMu just finish the job and go to zero? Based on the stock's behavior over the past two weeks, this seems a distinct possibility.
Remember that, with these potential-run-on-the-bank scenarios, it's not what the balance sheet looked like last quarter that matters: It's what it looks like right now. (Bear Stearns went from comfortably solvent to bankrupt in a matter of days). Wha...
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N/A |
WaMu Closes the Barn Door...A Little Too Late
6/3 - "Washington Mutual (WAMU) closed the proverbial barn door after shareholders voted 51%plus to install a non employee as Chairman. WAMU announced on Monday it will replace Chief Executive Kerry Killinger as chairman of the board and take other steps to improve corporate governance."
"After billions of dollars in losses the shareholders finally got it. Keep the positions of chairman and ...
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N/A risk: conservative |
WaMu Board's Actions a Positive, But Profitability Far Off; Reiterate Neutral
6/2 - "WM’s decision to replace Kerry Killinger as the Chairman of the Board may have been long in coming. However, this step is likely just the first step toward closer oversight of the company’s management team and reflects an increasingly popular trend toward better Board independence, in our view...The prospect that the board could take steps to remove Killinger as CEO remains quite possibl...
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Comments (1)
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Quite probably, Washington Mutual might just go to zero. |
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