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  • Value In WMIH? Here Is What We Wrote @ $0.50 Per Share 2 comments
    Dec 13, 2013 11:06 AM | about stocks: WMIH

    .. That said, I can't help tracking WMI Holdings, which is the post-bankruptcy NOL shell of its predecessor, Washington Mutual (now a part of JP Morgan). Here's why:

    1. It doesn't conduct any business. Its solely a balance sheet story, that is, if and until it makes acquisition(s) to utilize its NOLs.

    2. On August 8, 2012, WMIH released its audited financials for the first time since it emerged from Chapter 11.

    Click on link to read full article:


    Disclosure: I am long OTCQB:WMIH.

    Stocks: WMIH
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  • Richard Gamingo
    , contributor
    Comments (110) | Send Message
    Special Situations Monitor! March is when the IRS 3 year stall on taking advantage of the billions in net operating loss assets expires. Acquisition coming soon.


    Best Regards,
    20 Dec 2014, 06:36 AM Reply Like
  • Special Situations Monitor
    , contributor
    Comments (178) | Send Message
    Author’s reply » Hi Richard - Would you mind sharing with me your source for the three year expiry period? and yes, I agree that deal must be at hand for WMIH/KKR to go ahead with the financing.
    20 Dec 2014, 09:53 AM Reply Like
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